Weekly Wrap for the Week of Aug 25

World stocks rebounded this week, DJI and SPX close for the first week after two consecutive weeks negative, whereas COMP also close green first time after four weeks red. Major uptrend intact.

Over in Asia, HSI gained the most with 3% up, hit new high. China SSE also crossed its major 3300 resistance mark. Plenty of room for upside move.

STI is relatively weak, added only 0.2% after three weeks negative close, at its support area 3260-3270. Let's see can it make a catch-up in coming week. Overall, the STI index has made 13.1% return YTD, still one of the top performer as compare to other major indexes.

Weekly Wrap for the Week of Aug 18

US stocks continue fall this week, with the COMP and DJI closed below their major uptrend line, the SPX just close on the uptrend line support. The VIX index dropped 8% to close at 14 this week.

China's SSE index seems unaffected US markets at all, with remarkable 1.9% or 60 points gain this week. Weekly chart looks bullish, with plenty of room to upside. HSI index did not follow through its previous week massive sell, rebounded a bit this week.

STI continue its 3rd week close in red, broke below 3260-3270 support area, next major support is at 3200. Weekly candlestick looks bearish.

Weekly index performance as in below table.

Weekly Wrap for the Week of Aug 11

Major markets all close red this week, following US stocks' panic selling. The fear factor VIX index surged 55% this week to 15.51. US stocks uptrend still intact but bearish reversal signal seen, probability of downside risk increased in coming weeks.

STI retreated near its major resistance 3365, 2nd week close negative, immediate support 3260-3270.

HSI hit its upper channel line and retreated, formed a bearish engulfing weekly candlestick, indicates more profit taking in coming weeks. It still the most outperformed index with 22.2% return YTD.

Shanghai SSE index was unable to hold above 3300 level after it broke it last week, retreated this week from the resistance. Major support is 3100.

Weekly Wrap and Monthly Index Performance for Jul

US stocks close mixed for the week, DJI hit fresh new high, SPX close flat and tech weighted Nasdaq closed negative on profit taking.

YTD, HSI had stunning return of 25.3%, has been the outperform index, Shanghai index is the least performer with 5.1% return YTD.  HSI on its bullish run up with next reisistance at 28500 level, and Shanghai facing overhead resistance at 3300.

STI also facing overhead resistance at 3365 after five weeks consecutive positive close.

Index weekly/monthly performance as below.