Weekly Wrap

For the week, US markets rebounded. SPX and DJI added 2.7% and 2.4% respectively, fully recovered from last week loss. COMP had 2.4% gain, its first week green after 5 week red.

STI had new high close since 2 Aug with 55.58 points or 1.7% gain. HSI and SSE lost 1.1% and 1.5% respectively.
STI currently trading at 3250-3260 resistance. It's expected the index would consolidation or retrace a bit in coming week, the momentum is still bullish.