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.