Weekly Wrap

Major indexes rebounded this week, except Shanghai index which is still in bottom consolidation.

HSI added 3.6% but YTD still negative with 6.1% loss, target level for rebound is at 21000-22000 area.

STI in 2nd week rebound, with target at 2882 YEC level.

SPX rebounded to near its top 2110 level, expected further upside and new high if it can close above this level.

Bullish Set up: Q&M Dental, MM2, JUMBO

Weekly Wrap

In US markets, the SPX closed positive, after previous three consecutive week down. The index just sitting above major support level 2040 (head&shoulder pattern neckline). First alert for bulls if it drop below this level in coming week(break down support).

STI too had a positive close this week, after three weeks down. Overhead immediate resistance is 2800.

Shanghai in retracement mode. No bullish reversal sign yet.

Weekly Wrap

Dear readers, sorry for no update for past two weeks. Went for holiday. Below are past two weeks index performance: