Weekly Wrap

Major indexes weekly performance as below.  The three Asian indexes are outperform the three US indexes, clearly. Shanghai rose the most with 3.3% gain, following by HSi  3.2% and STI 1.2%. SSE hit its three month high, HSI hit more than three years high, and STI hit its 14-month high. Their weekly candles look bullish with more upside expected.

In the US, DJI dropped the most for the week, with 0.8% loss.

STI weekly chart: 

 HSI weekly chart:

STI Hit One Year New High

STI hit new one year high today at 3353 as I'm writing now. My initial target 3340 which I set on May 4, 2014( click HERE) has been fulfilled by yesterday.

This is updated STI chart by yesterday close.

Ezra Update

As my post on Jul 17 for Ezra (click HERE), it;s promising for more upside now:

UOB and DBS

Two notable charts in STI index stocks: DBS just breakout its descending line this week, poised to move up further.

UOB weekly high of 24.19, just 1c below its all time high 24.2 this week. More upside if it can break above this level, or else profit taking is expected.

Weekly Wrap

For the week, DJI hit new all time high, whereas the SPX and COMP both near their recent high. The uptrend is well intact for the three major indexes.

In Asia markets, HSI recovered most of its last week loss, gained 1% for the week. SSE and STI got 0.6% and 0.5% gain respectively. not a bad week. Both HSI and STI uptrending are well intact,and expected to more upside further in coming week. SSE, as usual, in long term bottom consolidation hovering 2000 level.

STI had its highest weekly close since Jun 2013. It managed to close above 3300 level for the week. Next target is 3340.

Ezra Rebounding from Support

Weekly Wrap

World major indexes retreated slightly for the week, with exception for STI. STI gained 21 points unexpectedly this week. STI was lifted up by index stocks mainly the banks such as UOB, DBS, and Singtel.


STI looks bullish, major uptrend still well intact. Weekly chart as below:

Halcyon Bounced from Support

Weekly Wrap

US had only four trading days for the week as Friday is a holiday. It's an "All Green" week. The US major indexes are just getting higher and higher. Nasdaq hit highest since Apr 2000, DJI and SPX both hit all time high again this week.

In Asia, HSI had breakout from its 4-week consolidation, more upside is expected in coming week. STI is in its 2nd week consolidation, with upside bias. SSE nothing special, still hovering 2000 market consolidation.

Monthly Index performance for June.

STI weekly chart:

STI Rebound, Bullish Setup

Message from FB "SgTraderClub" daily update:

3/7/14 Thu, stockwatch

US overnight mkt up little. DJI+20, SPX+1.3, COMP flat.

Asian mkt up yesterday. HSI +358, breakout its recent consolidation range, and hit new year high of 23576. More upside is expected.

STI +21.27@3262.91 yesterday. Stock to focus for bulls:
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G invacom (MACD 4r1G)
Asiatravel (Bullish reversal +high vol)
Ezra (High vol)
SIA
Halcyon (Rebound from support, see chart below)
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Pennies:
Artivision