Weekly Wrap

For the week, SPX and DJI are continue its sideway range trading at top, while COMP retraced for 3rd week. All three indexes uptrend are still well intact.

STI had its biggest weekly gain since last Sep, with 98pts or 3.2% up, just few points below its 3month high.

STI closed at 3172.17 for the week. Back to its YEC level between 3167-3190 area. The index is bullish but hitting resistance now, early signal for further upside would be CLOSE above 3190.