Weekly Wrap

For the week, US market had little change, major indices SPX -5.62 at 1460, DJI -13.9 at 13579 and Nasdaq -4 at 3180. The indices uptrend are all intact and at topping.

As for STI, it tested 3088 again and closed at 3078.23 this week, unable to break it. For the time being short term resistance and support level I'm watching is: 3088-3000. Market is bullish bias but it can swing back anytime as we are at 3088 resistance level. A close above this level would mean more upside move.