Weekly Wrap

US stocks selloff this week, DJI and SPX had its largest weekly loss since November. The immediate ascending trendlines had been broken down. Warning signal for bulls.

STI had its first weekly loss after six weeks of up. Shanghai and Hang Seng are the only two indexes closed positive in my below major index weekly performance table, Shanghai index appears poised to move higher.

Major index performance table and index weekly charts as shown below.