Weekly Wrap

For the week, Hang Seng lead rose the most in my below weekly indices performance table. It added 606 points or 2.8%, Shanghai added 0.9% to close at 2010 points, its 4th week consolidation around 2000 level. I think Shanghai index (SSE) is awaiting...any good news would easily let it rebound.

US market flat this week.

STI little change for the week, added 22 point or 0.7% to close at 3236, it hit week high of 3277( just above 50% fib level 3265) but unable to hold above it. Shall continue watch this level 3265 for more upside signs, for downside, its YEC is 3267.