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.