STI surged the most this week with 7.1% gain, reduced its YTD loss to 1.6% or 45 points. It's expected the loss to be erased in coming week. STI closed at 2882(YEC) for year 2015. To be watched.
HSI recovered 4.3% in the week but still lost 7.9% YTD. HSI crossed above its 20,000 level now. Immediate resistance is 20500.
Shanghai SSE rebounded 3.9%, its YTD loss is the most, at 18.8%, long way to go. SSE has been trading in its 5-week range (bottom consolidation) still. A break above 2955 could lead to further recovery.
US three major indices into their 3rd consecutive week up, break above their 7-week consolidation clearly. Bulls are in absolutely charge now. SPX key resistance level to watch is at 2050.
Major indices weekly and monthly performance table, their weekly charts are as below.
Monthly performance:
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