Weekly Wrap for the Week of May 26

US stocks hit new high this week, DJI rebounded and hit 3mth new high after recent pull back, both SPX and Nasdaq hit all time new high. US stocks in nice uptrending.

Sell off in STI was much controlled this week after 1.2% drop previous week. Immediate support is 3190, the index uptrend has been well intact.

HSI continue goes up and hit new high this week, the index is very bullish. Shanghai index had a vigorous fight between bull and bear over past three weeks. It looks bulls managed hold up the key support level 3100, expected further rebound as long it stand above 3100 level.

Weekly index performance table and weekly charts as follow:

Weekly Wrap for the Week of May 19

U.S stocks dropped this week, and the rest of world followed. Nasdaq(COMP) close negative for the first time after four weeks consecutive up, whereas the S&P 500(SPX) and Dow Jones(DJI) declined for 2nd week. All three indexes are in nice uptrending, no signs of immediate trend change despite of Mr Trump's recent presidency turmoil.

STI down first week after three consecutive week up, immediate support level to watch is 3190, upside resistance 3275 level.

HSI has been trending up well, Shanghai(SSE) is the weakest among the six major indexes, the only index had negative YTD return.

Weekly performance table and weekly charts are as follow:

Weekly Wrap for Week of May 5

U.S stocks in nice uptrending, three major indices closed at record high for the week. Technology dominant index Nasdaq index($COMP) had highest YTD return so far with 13.3%, whereas local index Straits Times Index also recorded 12.1% YTD return come in second.

STI had a bullish breakout this week after eight weeks consolidation, hit new high with biggest weekly gain of 1.7%. It's expected the index to go up further with next major target at 3365 level.

HSI retreated this week but overall uptrend still well intact, Shanghai Index ($SSE) on the other hand, traded on its own in downwards momentum, closed 4th week negative to its 2016 YEC 31003.

Major indexes weekly performance and weekly charts are seen in below.