Weekly Wrap

For the week, Shanghai continue climbing up, gained another 6.3% to close at 4287.3, hit new 7-year high.

Straits Times Index hit 7-year high this week too. Next target is at 3870, based on fibonacci ration projection.

Hang Seng added 1.4% this week, next major target is 31000 for HSI. I think Great China market still have room for upside.

The US three major indexes are stuck in a range, though overall trend are up.