Weekly Wrap

US markets retreated this week, SPX lost 0.7% this week after previous two weeks stall. DJI lost 0.8% after five weeks sideway, breakdown. However, the three major indexes uptrend are well intact.

STI in its 4th week sideway consolidation, more upside if it can break above YEC 2882 level, whereas downside support is the ascending channel line.

HSI is on bullish tone with immediate resistance level at 23600, SSE immediate support at 3050.

Weekly Wrap

US major markets dropped a little for the week, still within in sideway consolidation range.

Whereas Asian markets had little gain, Shanghai added 1.9% for the week.

STI in a three week consolidation range, immediate resistance is 2882 YEC level.

Weekly Wrap

US markets all three major indexes hit record high for the week. DJI is in 4-week sideway consolidation after it was initially broke out five weeks ago.

Both SPX and COMP are in 7-week win streak. COMP have had its strong uptrend move so far.

STI bounced up after its previous two weeks sell-off. Immediate resistance will be at 2882 YEC. The index is expected to rebound further if it can cross above this level.

HSI and SSE had 2.8% and 2.5% gain for the week, top in my watchlist. The indexes looks bullish.

Weekly Wrap

US markets rebounded sharply. DJI reversed its previous 10 days selling mode, added 191 points. The SPX hit new all time high on Friday. Nasdaq was just few points below its all time high. US markets has been outperforming other markets, very bullish.

STI 2nd week decline, sentiment is bearish largely affected by Swiber's judicial management. It was below its YEC 2882. Let see whether it can catch up with US markets in coming week. Immediate resistance level to watch is 2882.

HSI had positive YTD figure now, gained 1.2% for the week, 1.1% YTD. The index looks bullish.

SSE flat for the week, in sideway consolidation mode with upward bias. Immediate resistance to watch is 3052.

Major Index performance for the Month of Jul

Update you major indexes performance for the month of Jul.

Nasdaq gained the most for 6.6% in Jul, while STI had the least for 1% gain.

Weekly Wrap For the Week of 25-29 Jul

World major indexes retreated for week 30th.

STI lost the most for 2.6% or 76.66 points, it hit 2950 and spiked though for few times but unable to hold above it, ended with sell-off hard, closed below YEC 2882 benchmark level. YEC 2882 level is a very important level to watch closely in coming week, bearish if it can not be hold.

US three major indexes are in bullish trend, DJI and SPX retraced for the week, probable profit taking after hit all time high.

HSI and SSE are in short term uptrend channel(rebound), immediate support for HSI ans SSE are 21630 and 3060 respectively.

Weekly charts for major indexes are in below.(click chart to enlarge)