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Saturday, March 15, 2014
Weekly Wrap
A sea of blood for the week... US three major indexes show bearish weekly candlestick, further correction is expected.
HSI was sell-off hard, lost 4.9% in the week.
HSI weekly chart below, I'm looking at its major uptrend line for support.
STI weekly chart below, the weekly candlestick looks very bearish.
Pending Janet Yellen speech on Wednesday, the market is anticipation of another QE. When that happened or tapering is put on hold, the stock will burst higher like a rocket. Same for other stocks.
1 comment:
Pending Janet Yellen speech on Wednesday, the market is anticipation of another QE. When that happened or tapering is put on hold, the stock will burst higher like a rocket. Same for other stocks.
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