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.