STI Hit Seven Weeks Low Today

STI hit seven weeks low today to low of 3246.72, and closed just above 3250 support at 3255.6. The uptrend is still intact and I'm cautiously bullish. The first support to watch is 3250, second support is at 3220.

Weekly Wrap

Stock markets around the world had little change for the week, World Cup effect?

Major indexes weekly performance for the week as below.

STI had a small white candle for the week, after two weeks retracement. 3250 support level still intact so far. Major uptrend is still intact. More upside if STI can close above 3300.

Weekly Wrap

For the week ended Jun 20, the green and red are clear in the table below--green for the US three, and red for the Asian three indexes. It's a indication of funds flow direction.

STI had its five week low on CLOSE, with biggest weekly drop in three month. The bulls are losing steam and STI facing short term retracement though major uptrend is still intact.

STI next support will be 3250, then the gap support between 3235-3221.

G Invacom Breaking Out

Bullish Set up

Weekly Wrap

US indices retraced this week.
In Asia market, SSE rebounded from bottom with 2% gain, HSI followed with 1.6% up, STI was in between of East and West, flat throughout the whole week, it dipped little by 6.18 points to 3293.25.

The Bottom Rebounding: ASNA(Nasdaq)

Weekly chart for ASNA.

Halcyon Agri: Breakout

Weekly Wrap

For the week, US market continue climbing up, with the DJI and SPX both hit new historical high. Nasdaq at its 3rd week consecutive green as well, it's now just beneath its year high. Overall market is bullish and no signs of immediate downturn. Bulls are dominating the market now.

In Asia, STI just closed inch below 3300 level. The index has been bullish recently and expected to move up further. SSE has been hovering around 2000 level since the beginning of the year for most of the time. Really need a lots of patience.
HSI formed a bearish weekly candle this week, after its 3 weeks consecutive green. It might be retraced in coming week.

KrisEnergy Breakout

Singpore Land Transport in Focus

Weekly/ Monthly Wrap

Weekly Index Performance:

Monthly Index Performance for May as below. Those who believe " Sell in May and go away" should be disappointed with the all "Green" indexes.

STI weekly chart as below. STI had breakout upside, after its five weeks consolidation. More upside is expected.