Weekly Wrap

Stock markets had a shortened trading days this week in below table, except for Shanghai which traded as per normal.

Coming week is final one for the year 2015. It's very important especially for SPX and DJI, as how they close in coming week will determine whether their whole year performance are positive or negative. SPX and DJI closed 0.1% and -1.5% respectively this week.

Top two YTD performance are SSE and Nasdaq which gained 12.2% and 6.6% respectively. Whereas STI and HSI lost 14.5% and 6.2% respectively, being the worst two indices. So far.


SPX and DJI rebounded back into their trading range after broke down their weekly support previously. It's expected the indices will continue trading within their weekly trading range in coming week.


Shanghai index facing weekly resistance at 2680 level, more upside is expected if it can close above this level.

HSI and STI not showing bullishness sign, rather relatively quiet at previous low trading range.

Merry Christmas

Weekly Wrap

It's a roller-coaster week, market very volatile as market had experienced Fed's first rate hike in nearly 10 years.

For the week, Shanghai gained the most for 4.2%, year-to-date gain is 10.6%, so far the best performer on my watch list.

STI gained 0.6% this week, year-to-date is 15.2% down, so far the worst performer. Please refer to below table for major indexes weekly and YTD performance.

The Dow was up in first three days this week, gone up more than 500 points only gave back all and more in next two days, ended down 136.66 points for the whole week. The chart looks quite ugly now(chart below). I managed short it and will be most likely stay in short US, for the time being.

SPX did almost as I expected in my previous post, it initially hit almost exactly 50% fibo level ( fib at 1992, it hit low of 1993) and rebounded, gone up 80points by Wednesday then was sell-off hard in next day, gave back all its gain as well but managed stayed above the major support level at 50% fib.(refer to chart below). Plenty of room to downside IF it break below this level in coming week.

STI has been trading on a "nice" descending trend so far. Immediate support is 2800, which it hit and rebounded from it this week.
 


Shanghai and nasdaq are the only two indexes managed to outperform this year, had positive close YTD so far.

Weekly Wrap

US markets sold off hard last night, Dow lost 309 points. Whole market sentiment are very bearish. Overall for the week, DJI-3.3%, SPX-3.8% and Nasdaq -4.1%.

In Asia, STI-1.5%, Shanghai-2.6% and HSI-3.5% for the week. Year-to-date performance, STI lost the most with 15.8% down this year, whereas HSI-9.1%.

Only two indexes managed to stay in green for this year: Shanghai +6.2% and Nasdaq +4.2%.



STI break low this week and continue declined. It looks to me no major support until 2800 in coming week.

Hang Seng weekly candle looks very bearish, 20500 next support area.



DJI hit its 5-week support at 17241 level, more downside is it break below this level in coming week.
As comparison, SPX already break below its 5-week support 2018, next major level to look at is its 50% fibo level at 1992.

Weekly Wrap

US market rebounded strongly on Friday. Fully recovered heavy sell-off on Thursday, left a long-tailed weekly doji for the three major US indexes, near major resistance level.

For the week, Shanghai gained 2.6% on top of the list. Following by HSI and STI.

Hangseng and STI still in red on YTD performance. STI has been the worst performer with 14.4% loss for this year so far.

Monthly Performance for Nov:

Weekly Wrap

Most market closed red for the week. Shanghai leading the fall with 5.3% or 194.2 points. HSI lost 3% for the week.

Performance for the whole year 2015:
Nasdaq +8.3%,
Shanghai +6.2%,
S&P 500 +1.5%,
Dow Jones -0.1%,
HangSeng -6.5%
STI lost the most with 15% loss!

One more month to year end. Let's see who's the champion.  It's clear indication funds are flowing out of Singapore this year ahead Fed rate hike, which widely anticipated to be in next month.

STI weekly candlestick looks very bearish, it looks still there is space for further downside. key level to watch is 3050.

Little change for the US markets as it's a shortened week, market closed 1.5 days for thanksgiving holiday.

HSI weekly candles negated its previous week gain. Market sentiment remain bearish. Key level to watch is 23605. Whereas SSE is in retracement mode for this week.

Weekly Wrap

Major Indexes rebounded for the week, reversed last week's sell-off. Choppy market.

The three US indexes recovered almost entire loss from previous week. Gained from 3.6% to 3.3%. Year-To-Date (YTD) index gain:
Nasdaq +7.8%,
Dow +0%
S&P 500 +1.5%.

In Asia, HSI and SSE up 1.6% and 1.4% respectively for the week. STI has been weakest among the six. Lost slightly 0.3% despite all other indexes were up.

On YTD:
HSI-3.6%
SSE+12.2%
STI-13.3%.

Weekly Wrap / Index Performance for Month of Oct

Major indexes weekly performance as in below table.

STI closed up 0.4% this week to 3010.47, it has been the worst performer YTD with 10.5% loss.

In short term, remain bearish if it can not close above 3054, which is 50% fibonacci level.

Oct index monthly performance table:

Weekly Wrap

For the week, major markets turned to bearish in last two trading days. But US three indexes managed to stayed positive marginally, whereas three Asian indexes closed negative.

Shanghai index closed down little, it looks the index still resilient.
HangSeng closed with a big engulfing weekly candlestick, which is very bearish.
Straits Times index also closed with a bearish weekly engulfing candlestick.

STI closed with a bearish weekly engulfing candlestick. Close below 50% fibonacci level at 3054 as well. Expect more downside if it can not rebound above 3054 level.

Weekly Wrap

Major markets registered another week of gain. US all three major indexes into its 4th week consecutive up, Hang Seng into its 4th week green as well. Whereas Shanghai and Singapore into their 3rd week of rebound.

STI crossed above its near term resistance 3054 level, closed at 3068. It's expected to rebound further with next target at 3167.

Weekly Wrap

World major indexes are continuing their rebound this week.

Shanghai index gained the most with 6.5% up. It has recovered all its loss for this year, closed above 3235 YEC(year-end-close) level. The weekly candle looks bullish, expected it will move higher in coming week.

Hang Seng has recovered most of its loss this year but still below its YEC 23605 level. About another 600 points which expected to continue its rebound coming week.

Straits Times Index still way below its YEC level 3365. It dropped quite a lot, has plenty of room for rebound. Immediate 50% fibo level is at 3054.

In US, all three major indexes have had a nice bounce, all recovered more than 50% of their loss, which are expected to continue to move up.
(Refer to below indexes charts)