Weekly Wrap & Monthly Index Performance for Jan

U.S stocks rebounded sharply on Friday, DJI added 186 points to close at weekly high. SPX and COMP close at new week high. The three major indexes are in very bullish trend despite pull back intra-week.

In Asia, stocks slid this week, three major indexes STI, HSI and SSE lost between 0.6% to 1%. STI trend looks still bullish, HSI and SSE on the other hand, are in range bound trading.

For the month of January, major indexes are all closed positively, with 0.5% to 6.2% up. Let's this year "January effect" will become true or not.

Please refer to below index weekly charts and weekly and monthly performance tables.