Weekly Wrap

US markets retraced this week, DJI, SPX and COMP lost 1.2 to 1.3%, year-to-date, only DJI and SPX are positive. DJI YEC level is at 17425, see if it can hold above this level in coming week, SPX just closed inches above its YEC 2043.94.

 STI in its 3rd week red. No reversal signal yet. Immediate support level to watch is 2770. HSI and SSE are relatively quiet trading week.