Weekly Wrap

For the week, all the indices rebounded after last month bloody drop. Nasdaq($COMP) gained the most at 2.2%, while HSI rebounded the least with 0.2% up. Note that SSE closed just above its 2000 level, and HSI holding just above its 20000 level. Looks market is not that bad, may continue rebound in coming week.


STI closed at3169, just above last year close 3167 level. Resistance is at 3230 and 3264.