Weekend Wrap

Hello everyone, I'm going to do a short summary for the week, as I'm leaving tomorrow morning for my two days holiday. Meanwhile, enjoy your hari raya holiday.

For the week, Major indices uptrend is well intact. US market continue up,major indices DJI +67 or 0.5%, closed at 13275; SPX +12 or 0.9%, closed at 1418. STI this week gained slightly with 7.91 or 0.3% to closed at 3062.
STI closed below the 50% level 3066 as I posted in one post back, but the weekly candle is still in green color and it's above the major resistance turn support level 3030, refer to STI chart.

The VIX index dropped new low (since 2007) to 13.45, indicates market is in "fearless" mode.