Weekly Wrap

Weekly and Monthly indices performance as in below table.

US markets rebounded as expected in my previous weekly wrap, the three major indices closed sharply higher on Friday. DJI jumps up 396.6 points and SPX plus 46.88 points.

Friday's surge came following Japan's surprise interest rate cut to negative territory.

US indices are up for second consecutive week. SPX next target is its 50% fibo level at 1992.

STI closed first week green after three weeks red. Next target is 2700.

Shanghai index hit new low this week, also its lowest since May 2014. It's the only one in red this week with another 6.1% down.

 So far all major indices still in red this year, YTD change also indicate Jan's performance. SSE down the most in Jan with 22.6% loss, HSI -10.2%, the rest lost from 5-8.8%. The beginning of new year are all in red. Hopefully it will turn to good end of the year.

Oil Price Vs. KFC

Received this picture compare KFC and Oil price repeatedly.

Dont believe it then go KFC website and found this KFC actually more expensive.

Weekly Wrap

US markets rebounded this week, after three consecutive weeks decline. Weekly hammer candlestick formed on all three indexes  namely SPX, DJI and COMP, which indicate possible rebound in coming week(s).

All indexes in my table below are still in negative return YTD, STI down 10.6% and HSI down 12.9% YTD.

Major Asia indexes are expected to catch up in coming week, following US rebounce.
Refer to below table for major indexes weekly performance.

How Low Can STI Drop?

STI Technical Support level Update:
Support level 1: 2522(back to Oct 2011 low)
Support level 2: 2240 (Fibonacci extention @1.61)

Weekly Wrap

The bloody fall continued for this week. With indices all fell from 2-9%, on YTD basis, shanghai has declined 18% so far.
Please refer to below index weekly performance table.

STI break new low. The selling is fierce. Not time to bottom fishing yet.

DJI and SPX are around their major support level. let's see whether it can be hold in coming week.

Weekly Wrap

It's a week of bloodbath. Global markets in turmoil much affected by a single market China.

STI at its five year low now. On weekly basis, indices lost from 4.6% to 10%. Shanghai was hit the most with 10% loss. STI lost 4.6%, breakdown support and hit new low.

Time for great sales shopping? I guess the selling not yet end.

Weekly/Year End Wrap

Dear readers of this blog, Happy New Year! Wish you and loved ones a health and wealth new year 2016.

Indices performance in last week of 2015 as in below table.

Guess which one is the best also the worst index in below table? STI and SSE.

STI gained 0.2% in last week of 2015-the best performer in last week but it is indeed the worst performer for year 2015--lost 14.3%, closed at 2882.73.

Shanghai(SSE) lost the most in last week 2015 with 2.4% but it is indeed the best performer for the year 2015--gained 9.4%, closed at 3539.18.

US markets, Nasdaq gained 5.7% in 2015, whereas Dow and SPX lost 2.2% and 0.7% respectively.

 Indices performance rank for 2015.

STI closed a goji on its weekly candle. Very quiet, chart looks weak, index trading at "bottom", but no sign of bullish momentum yet.

DJI and SPX weekly charts look bearish-- potential more downside in coming week.

 HSI looks weak too on its weekly chart. At bottom but no signs of bullish reversal yet. STI looks following HSI quite closely nowadays.

Shanghai SSE index has been trading in range of 3680-3400 for eight weeks already. A break above 3680 could signal a fresh move to further upside.