Overall, SPX, DJI and COMP added 0.8%, 0.6% and 0.5% respectively. In Asia, HSI and STI rebounded for last two days after heavy selloff, ended with 1.8% and 0.5% loss respectively. SSE just resume its trading on Fri after long CNY holiday.
Sunday, February 9, 2014
Weekly Wrap
For the week, major indexes have rebounded from their two-week selloff. In US, three major indexes DJI, SPX and COMP made a nice weekly bullish reversal candle, indicate high probability of rebound. (refer to chart below).
Overall, SPX, DJI and COMP added 0.8%, 0.6% and 0.5% respectively. In Asia, HSI and STI rebounded for last two days after heavy selloff, ended with 1.8% and 0.5% loss respectively. SSE just resume its trading on Fri after long CNY holiday.
DJI and SPX weekly chart formed bullish reversal candlestick. More upside is expected.
STI weekly chart shows a super long leg doji, reclaimed 3000 level after it flashed down to weekly low of 2953. It appears to me it could continue rebound as long 3000 hold.
Overall, SPX, DJI and COMP added 0.8%, 0.6% and 0.5% respectively. In Asia, HSI and STI rebounded for last two days after heavy selloff, ended with 1.8% and 0.5% loss respectively. SSE just resume its trading on Fri after long CNY holiday.
Labels:
Index,
SG Mkt,
Weekly Wrap
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