Weekly Wrap

Hello all.

For the week, US major indices DJI and SPX had little change, basically continue in their sideway action. DJI had gain of 45 points to closed at 12822, SPX gained 5.8 points to closed at 1362. Below are their weekly charts:

Asia major indices, HSI had a green bar but formed an inside bar to its prior week. SSE hit its six months low this week, kind of no-hope stock, continue its under-perform against other markets.
STI is the the best among the three Asian indices, had a almost 20 points gain this week to closed at 3015, right at its yearly high, it hit its 11 months high indeed. Right at its major resistance level now.

For STI, It will be tough for traders in coming week, major companies' earning reports is another factor to monitor for new direction.