Weekly Wrap

For the week, STI finally had a chance on top of my indexes ranking (in below table), it was the only index that was "green", with weekly 20 points gain.

Major indexes generally are down ahead of Greece crisis deadline on 30 June.

Shanghai Index continued its previous week sell-off, another 6.4% loss. It lost almost 20% in two weeks. What a fall. As shown in below weekly chart, SSE hit its major support 4200 level this week,
it's expected it will get a bounce in coming week, as China Central bank also announced its rate cut effect on Sunday.

STI rebounded to just beneath 3365 (YEC 2014) but closed lower at 3320. A close above 3365 would show sign of bullish. Otherwise, bearish if below 3365.

Weekly Wrap

For the week, Shanghai had one of the biggest weekly loss in its history-- a loss of 13.3%. Closed at 4478, next crucial support level is 4200. By now, uptrend is still hold but if 4200 broken down--a sign of bull run over.

The US markets rebounded for the week. The three major indexes closed green.

HSI lost 1.9% close at 26760, next major support is 26100. Bulls are still have chance to move higher, if the retracement is not overly done--below 26100 level.

STI lost 1.6% to 3300, bulls failed to reclaim 3365 after previous rebounce. next major support is 3280.

Weekly Wrap

For the week, Shanghai added another 2.9%, it's top gainer among all the indexes in below table. Its weekly candles is bullish, no sign of reversal.

STI rebounded this week, formed a bullish reversal candle at uptrend line. Further upside is expected.

HSI also formed a weekly bullish reversal candle at support 27000 level.

Why the Rich Get Richer

Weekly Wrap

For the week, only Shanghai index had a stunning gain with 8.9%, close crossed above 5000 mark for the first time in more than seven years. The bulls look very strong and further upside to move.

The US markets have been continue trading up and down in a range for weeks.

HSI is trading inside its eight-week range too.

The STI lost another 58points this week, after it lost 58 points last week. It's now closed slightly below its major uptrending line. See if it got rebounce in coming week.

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