Weekly Wrap

For the week ended Apr 21, US stocks look still in good shape-sideway consolidation in uptrend. Asia major three indices in my table below look much weaker, HSI and STI look losing steam in bull run, Shanghai index was sold off hard this week to its major uptrend line.

STI immediate short term support is at 3112 level, and upside resistance is at 3167 level. Major support at 3050 if it continues retrace in coming week.