Weekly Wrap

STI continue follow US market advance this week, closed at 3269 with 58 points or 1.8% up for the week. We are 30 points to reach 3300--my next target for the index. The weekly candle shows the bulls are in complete charge.

Hangseng and Shanghai market "taking a break" this week, Shanghai has had a terrific 17% gain since its Dec bottom. Will continue to focus on S-chips and Offshore/Marine sector for the coming week.

STI pivot levels for the week starts from 28 Jan.

R3: 3347
R2: 3308
R1: 3289
PP: 3250
S1: 3230
S2: 3191
S3: 3172