Weekly Wrap

Finally, after five weeks of black candle, market rebounded this week. Probability of market rebound in the cards for coming week(s).

The US three indexes closed green. DJI and SPX have formed a nice bullish candlestick on their weekly chart respectively. Markets are set for a rebounce in coming week.

The badly sell-off Asian markets come to a breath as well. STI formed a bullish reversal candle too, following HSI and SSE's rebound in the week.

For Singapore market, continue focusing on index stocks such as the trio banks and Singtel, SGX.