Weekly Wrap

STI gained 61 points or 2% this week, closed at 3168. Four weeks consecutive up in a row. Another 22 points to reach 3190 target which I said in previous weekly wrap. It appears to me the target will be hit easily in coming week. STI buoyant by Hang Seng and Shanghai market this time. The S-chips are under spotlight now.

However, the US indexes are showing some bearish signals, within the uptrend still. Continue to watch uptrend line to be hold.