Index Weekly Wrap for the Week of Dec 29, 2017 Year-End Wrap

It's the last week for the year 2017, we are coming to the end of this year. Looking back, Hang Seng Index(HSI) is the most outperformed index with stunning 36% gain, and Shanghai Index(SSE) on the contrast, is the least performer with only 6.6% up.

Below are the ranking of the performance of the major indexes for year 2017, with their gains:
1. Hang Seng Index        +36%;
2. Nasdaq                        +28.2%;
3. Dow Jones Index        +25.1%;
4. S&P 500 Index    +19.4%;
5. Straits Times Index     +18.1%;
6. Shanghai Index           +6.6%

Some of the most outperformed stocks in HK are Geely Auto( 0175.HK), gained 260%, "King of the Stock" Tencent(0700.HK) up by 120%, even the long time value stock HSBC(0005.HK) also had 28.5% gain this year.

This year, two most popular sector are undoubtedly the Technology and Semiconductor sectors. The
Singapore listed 3 largest Semiconductor companies ranked by percentage gain for the year 2017:
 AEM(+485%), Micro-Mechanics(+144%), UMS(+109%);

And Singapore listed 3 largest Technology companies ranked by percentage gain for the year 2017:
Hi-P(+267%), Venture(107%), Valuetronic(92%).

Below table listed top four companies each for the technology and semicon sectors and their performance.

Data source: SGX StockFacts

Much have said in the market that technologies will continue dominate new year 2018 investment theme. And the Internet of Things(IoT) will getting hotter in the years to come, after this year's bitcoin surprising eye-catching development.

Index Weekly Wrap for the Week of Dec 22

It was the 2nd last week for the year 2017, US stocks continue hitting new highs and new highs.

In my opinion, the uptrend in US stocks has come to the so-called "Excess Phase" of primary trend according to Dow Theory, which states that there are three phases to every primary trend – the accumulation phase (distribution phase), the public participation phase and a panic phase (excess phase). Read more: Dow Theory: The Three Phases Of Primary Trends. The Excess Phase is the final phase of three, so let's be prepared for it when it gets bent next year.

Asia stock markets on the other hand look quite different from the US, HSI still in the first phase and goes into 2nd, i.e from accumulation move into public participation. It just passed through three year high, made a retest and just got rebounded this week from 28512 level, poised to move higher in coming weeks. The Shanghai index rebounded finally after 5 weeks decline, right at its uptrend channel bottom support level, which looks good and this will also provide positive spillover momentum to HSI. The SSE is lagging behind all the major indexes and in the 1st phase-accumulation phase.

STI was in 3rd week of retracement, and resisted by its upper trend channel line as can be seen in below weekly chart. I consider it a health retracement as long it can hold above 3365 support level, but if it goes below this level, then it's possible it will further retrace down to its uptrend channel bottom line.

Index Weekly Wrap for the Week of Dec 15

For the week ended Dec 15, US stocks all three major indexes hit fresh new high again. No signs of immediate reversal. Tech stocks dominated index Nasdaq had breakout new high after two weeks of sideway consolidation.

In Asia, however, the stocks look lackluster.  HSI index managed to stay above key support level 28512, after two weeks consecutive selloff. Shanghai SSE continue slid for 5th week, lost total 166 points or nearly 5% from its high 5 weeks ago. It's now at uptrend channel bottom support level. Are we going to have a bullish reversal in coming week? Let's see.

STI hit its upper trend channel line as resistance and in 2nd week retracement this week. Uptrend still intact but there are room for downside as well, next support level at 3380.

Index Weekly Wrap for the Week of Dec 8

For the week of Dec 8, DJI and SPX continue hitting new high whereas Nasdaq drop little by profit taking, uptrend for all three indexes remain intact.

In Asia, HSI fell back within its uptrend channel, currently was supported by YEC level 28512. SSE fell back to its uptrend channel bottom-its 4th week drop in a row, expected to get rebound in these technical support level in coming week.

As for STI, currently resisted by its upper channel line, expected go sideways in coming week, with immediate major support at 3365.

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Index Weekly Wrap for the Week of Dec 1 and Nov Monthly Index Performance

For the week ended Dec 1, world major indexes close mixed. In US, DJI and SPX hit fresh new high and tech heavy index COMP soften a bit by profit taking, the three US major indexes uptrend in good shape, bulls are in absolute dominant. The buying up in DJI and SPX accelerated.

In Asia, HSI and SSE took a tumble with 2.7% and 1.1% decline respectively. From their weekly chart below, HSI spiked up beyond its upper channel in previous wk and was pull back closer to its uptrend channel range by profit taking, SSE is in 3rd week retracement back to its uptrend channel bottom line(support), both indexes uptrend are still intact.

For STI, it's bullish, trading at its upper trend channel line now, approaching to its 3yr top 3549.85 level.

Index Weekly Wrap for the Week of Nov 24

For the week of Nov 24, all US three major indexes hit fresh new high again. The technology heavy weighted Nasdaq index added 1.6% for the week. The fear index VIX spiked down new low to 8.56 but rebound back to bottom range 9.67 on close.

In Asia, HSI hit and STI hit fresh new high, only SSE failed to hold early gain the the week and closed in the red, but SSE still in uptrend channel, this week's selloff more likely profit taking.

Weekly indexes performance as follows.

Index Weekly Wrap for the Week of Nov 17

For the week of Nov 17, major indexes closed mixed. In the US, tech heavy index COMP hit fresh new high, but SPX and DJI close in red for 2nd week. SPX retraced after hitting its major upper channel line(resistance). All three index uptrend well intact.

HSI index hit fresh new high this week, thanks to Tencent's(700.HK) good than expected result.

Both STI and SSE indexes lost more than 1% this week to 1.1% and 1.5% respectively. Both indexes are at same number 3382 level coincidentally.

Major indexes weekly performance as follows.