Weekly Wrap for the Week of Sep 22

US stocks close mixed for the week ended Sep 22, all three major indexes hit new high intra-week. DJI and SPX closed positive but Nasdaq close down on profit taking. All three indexes uptrend in good shape.

Over in Asia, Shanghai SSE index close flat, 3rd week in consolidation after its 3weeks surge up, the trend is still upside.

HSI continue testing its upper channel line while approaching its major resistance 28500 level, leaves ample room for downside profit taking.

STI continue hold just above 3200 key support level ,while we are still in a major uptrend channel.

Weekly Wrap for the Week of Sep 15

US stocks three major indexes all closed new high this week, SPX breakout from its 8 weeks consolidation finally. Very bullish uptrend, and US stocks are expected to continue moving higher.

HSI index has been in a tight range consolidation for three weeks, uptrend is intact. China SSE index in 2nd week profit taking, lost a bit but it seems bulls are still in control. It's expected to resume upward move after the consolidation.

STI tested 3200 support level this week and close just above it. Continue watch key support at 3200 level in coming week see if it rebounds.

Weekly Wrap for the Week of Sep 8

World major indexes closed on bearish tone for the week, US stocks have been trapped within six weeks trading range, though uptrend are instill intact for all the three indexes.

China SSE index stalled this week after three consecutive weeks up. Bulls are in charge but may have profit taking in coming week(s).

HSI index retreated from its upper channel line resistance as shown in below weekly chart.

STI gave up its support area 3260-3270, trading down inside its May-Jul consolidation range 3200-3270, immediate key support level is at 3200. Uptrend still intact.

major indexes weekly performance are in below table.

Weekly Wrap for the Week of Sep 1 and Monthly Index Performance for Aug

Major stocks indexes rebounded for 2nd week, US tech stocks made a strong return with new high, Overall US stocks are in bullish tone, uptrend well intact with no immediate bearish reversal signal.

China SSE in 3rd week up consecutively, China stocks look bullish after crossed above 3300 key level, plenty of room for upside.

HSI index made new high this week, hit its upper uptrend line, also near its major resistance level 28500, watch closely any bearish reversal signals for potential profit taking, the index registered stunning YTD return of 27.1%, has been the most outperformed index in my focus list in below table.

STI rebounded from support area 3260-3270, it's in profit taking and consolidation mode hiting new high in Jul. Continue watch support immediate support 3260-3270 then key support 3200, upside resistance at 3350.

On monthly basis, China SSE registered highest monthly return with 2.7%, following by HSI. STI is the only index had loss in Aug with 1.6% down. Refer to below tables for major index weekly and monthly performance.