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.