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Weekly Wrap

Here's my delayed weekly wrap for last week. The indexes had heavy sell-off last week, will it be the turning point for bears to take over? As for Asian market, bears has already been taken control STI and SSE. The US three major indexes uptrend still intact.

SSE dipped below 2000 mark in the week but managed to reclaimed above it at week close.
STI has broken few key support level and bears is in absolute control now. We have three more days to end the week and also for the month of Jan. High probability STI will close in red for the first month of 2014. If January Effect is to be true, then the whole year would be bearish. No one can be 100% sure about this though. Be prepared.

STI Hit Support line

STI gap-down yesterday, hit 3025 one and half month low and rebounded. it was negatively affected by regional mkt sell-off as worried about China Economy slowing down.
STI at 3045 points today. It's at trend line bottom, technical rebound is expected with upside 3120 area.

STI Selling Off

STI broke its support 3120 yesterday, closed at 3100. The wind is blowing south and bears are dominating the market now... immediate support is 3070-3050.

Weekly Wrap

For the week, HSI added the most with 287 points or 1.3% gain to 23133. Nasdaq made new high to 4197 points, DJI slightly up by 0.1%, and SPX lost 0.2%. SSE another losing week, lost 0.4% to 2005, where 2000 is the major support.

For STI, it has been consolidation for the past two weeks in the range of 3115 to 3155. It formed two weekly long tails candlestick, which indicate rejection of sell-off. Immediate resistance is 3167-3190 level if it were to rebound. Where for downside, 3115 if the immediate support. 

ChinaEnv Breakout

ChinaEnv breakout today with high volume, expected more upside.

Sembmar Dropped to Major Support 4.22

Run Run Shaw

Weekly Wrap

For the week, major indexes performance as below table. Nadaq gained the most for 1%, whereas Shanghai index lost the most for 3.4%.

 S&P 500 is at its long term uptrend channel top( resistance), possible heading for downside retracement in coming weeks.

STI had a very bearish weekly candle in previous week but it did not drop down further, instead formed a doji for the week. I see some buying support at current level, with upside resistance at 3167-3190, immediate support at 3020.

STI in Sideway Consolidation

Message from FB "SgTraderClub":

It's last trading day for the week. STI has been trading in a sideway for past 4 days, it hit 3190 resistance and was selling-off last week, formed a bearish weekly candlestick but has no follow through this week--it did not drop further down, which i see some "light" for bulls in short term. Immediate support is 3120, resistance at 3167-3190. The mid- term trend remain bearish, my long position would be only for short term swing trading unless STI can CLOSE above 3190.

Stocks to focus today: 

Halcyon 

Cordlife 

Del Monte

20140105 文茜世界財經週報

Long Candidate: Halcyon Agri

Halcyon Agri break out today. Expected more upside.

Weekly/Monthly/Yearly Wrap

First week of 2014, major indexes retraced. In US, Dow lost 0.1%, S&P 500 lost 0.5% after hit new all time high previous week, Nasdaq lost 0.6%, after it has recovered almost 80% of its lost during Internet bubble since 2000yr. The three indexes are is nice uptrending with no signs of immediate retracement.

In Asia, STI lost 0.6%, Shanghai lost 0.9% and Hang Seng lost 1.8% for the week.

STI weekly chart below, it retraced this week after hitting 3167-3190 resistance zone(weekly high 3187.8) as I alerted in my previous weekly wrap. The weekly candlestick looks bearish, sellers are dominating the market now. My bias is to downside unless the index can close above 3190 for mid-term.

 Dec 2013 indexes performance table as below, the bulls and bears divided clearly between the US and Asia. The three US indexes added from 2.4% to 3.0% in Dec, whereas the lost from 0.3% to 4.7% for the three Asia indexes.

The year 2013 finally came to an end. Below table shows major indexes performance in the year 2013.
Nasdaq added 38%, awesome. S&P 500 and Dow added 30% and 27% respectively, it was a great reward year for those who invested in US.

Whereas for the three indexes STI, HSI and SSE, the performance were so pale for the year. HSI added 3%, STI no change, and SSE lost 6.7%-the worst index.