Weekly Wrap

World major markets rebounded for the week, HSI was up 3.2%, on top of my list, whereas STI gained merely 0.8%, we have only four trading days this week due to General Election on Friday.

Are we going to have post election rally for stock market here? unlikely based on historical data.

Most indexes are trading within their three weeks trading range with lighter volume-- a sign of consolidation. It can be rebound or go down further after that. So there is no clear directly here now.

We shall monitor their immediate support / resistance level for early signs of direction.