Weekly Wrap

For the week ended 27 Mar, major indices performance:

Shanghai continue outperform the rest of markets. gained 2% for the week.
STI gained 1.1% to close at 3450, which is at resistance level, it hit 3450 for three times but could not stand above it. I think it will break up as the general trend is bullish.

Inexpensive Singapore Stocks

It maybe cheap, but if it doesn't move and can't make a good return for investors also no use.

Remembering Mr. Lee Kuan Yew

http://www.channelnewsasia.com/news/specialreports/rememberingleekuanyew?cid=cna-leekuanyew-2015

Weekly Wrap

Shanghai index had another very bullish week, with 7.2% stunning gain. China stocks hit new multi-year high since 2008 now. In a very nice bull run.

The US three indices are still in very good shape of uptrend.

Hangseng index rebounded from its last weekly low, uptrend intact.

STI up by 1.5%, the whole market relatively under-performing. My focus is more on HK stocks and Shanghai stocks. Ketrade clients from Maybank Kim Eng are able to trade Chinese stocks online through Shanghai-HK Connect.

HSI support 23300, next resistance 25000.

 STI weekly candle formed exactly like what I predict last week. It hit 3365 YEC and rebounded this week, with next resistance at 3450.

 SSE hit new 7-year high last week. Bulls are in super charge.More upside is expected.

Latest HDB Resale Price

Latest HDB resale price in Singapore.

It says Singapore property only start to drop after 8 rounds of cooling measures.

Weekly Wrap

For the week, Shanghai rebounded with 4.1% gain. Whereas the rest indices are in red. STI lost 1.6% to close at 3362.77, below 3365 level which is where it started this year. It's expected that STI "SHOULD" rebound from here in coming week(s).

The US three indices continue retraced, 2nd week now into retracement.
HSI in retracement mode too, in 3rd week already.

Weekly Wrap

DJI lost 275.9 points or 1.5% this week, its biggest loss in past five weeks.
HSI and Shanghai lost the most for 2.7% and 2.1% respectively. Whereas STI ended up 0.4% gain for the week, the only index in green.

The three US indices all on the top of their chart, probability of continue their retracement in coming week(s) increased.  

HSI next major support is 23900, its uptrending still intact.

 STI hit its major resistance level 3450 few times but unable to break above it. It may continue consolidate between the range of 3450-3365.

Weekly Wrap for the Week ended Feb 27

STI weekly candle very bearish, which indicating high chance for STI to continue retracement in coming week(s).