Weekly Wrap

Most market closed red for the week. Shanghai leading the fall with 5.3% or 194.2 points. HSI lost 3% for the week.

Performance for the whole year 2015:
Nasdaq +8.3%,
Shanghai +6.2%,
S&P 500 +1.5%,
Dow Jones -0.1%,
HangSeng -6.5%
STI lost the most with 15% loss!

One more month to year end. Let's see who's the champion.  It's clear indication funds are flowing out of Singapore this year ahead Fed rate hike, which widely anticipated to be in next month.

STI weekly candlestick looks very bearish, it looks still there is space for further downside. key level to watch is 3050.

Little change for the US markets as it's a shortened week, market closed 1.5 days for thanksgiving holiday.

HSI weekly candles negated its previous week gain. Market sentiment remain bearish. Key level to watch is 23605. Whereas SSE is in retracement mode for this week.

Weekly Wrap

Major Indexes rebounded for the week, reversed last week's sell-off. Choppy market.

The three US indexes recovered almost entire loss from previous week. Gained from 3.6% to 3.3%. Year-To-Date (YTD) index gain:
Nasdaq +7.8%,
Dow +0%
S&P 500 +1.5%.

In Asia, HSI and SSE up 1.6% and 1.4% respectively for the week. STI has been weakest among the six. Lost slightly 0.3% despite all other indexes were up.

On YTD:
HSI-3.6%
SSE+12.2%
STI-13.3%.

Weekly Wrap / Index Performance for Month of Oct

Major indexes weekly performance as in below table.

STI closed up 0.4% this week to 3010.47, it has been the worst performer YTD with 10.5% loss.

In short term, remain bearish if it can not close above 3054, which is 50% fibonacci level.

Oct index monthly performance table: