Weekly Wrap

One week after Trump's president inauguration, world stocks continue bull-run with 1-2% gain.

DJI and SPX broke their 6 weeks sideway consolidation to hit new high, DJI cracked 20,000 level for the first time. COMP looks even more bullish, continue trading new high without consolidation.

In Asia, STI and HSI both on 5 weeks wining streak, led by blue chips such as banks. STI is trading at 3050-3100 top area currently, was formed in Nov 2015.

Shanghai stocks looks rebounding from its bottom support uptrend line. Rebound is quite promising.

major indexes weekly charts as below.

Weekly Wrap

US stocks rebounded on president Donald Trump's inauguration day. DJI ended its 5 days decline and gained nearly 100 points on Friday. US stocks uptrending well intact so far. All markets closed lost a little bit on this week, except Shanghai index(SSE) which closed 0.3% gain.

STI chart looks bullish, might be profit taking in coming week but bulls are obviously in charge.

Hang Seng (HSI) chart bullish bias as well. Please refer to below weekly charts for major indexes.

Weekly Wrap

In the US markets, SPX and DJI closed within their 5-week consolidation range, whereas the technology index COMP continue moving up, hit new high.

Local index STI had a great start in first 2 weeks of 2017, gained the most with 5% positive. HSI has had 4.3% in the same period as well, not too bad. Shanghai index continue stay flat in first 2 weeks, being the worst performer so far.

STI next major resistance area is 3050-3100 area. The index poised to move higher this year. Chart looks very promising.

Weekly Wrap

First week of the year 2017, local index STI was one of the best performer with 2.8% weekly gain, the rest indexes also posted positive return with at least 1% up.

STI is trading at its multi-months major resistance level from 2960-2980 area. Plenty of room to upside if it can break above this level. Its chart looks very promising for bulls.

The US markets hit new high this week( all three major indexes), DJI registered high of 19999.631, just an inch below 20,000 level.

HSI and SSE both rebounded hit their 3-week high respectively. Both charts look poised for further rebound.

2016 Year End Wrap

Weekly, monthly and indexes performance for the year 2016 as in below tables. For the year, Dow Jones Index(DJI) gained the most for 13.4%, and Shanghai index(SSE) was the worst performer with 12.3% loss. 

From the first table, we also can see the US three markets are outperform the three in Asian, indicating investors were looking good on the US economy and thus prefer putting money there for higher return.