Weekly Wrap for the Week of Oct 27

Major stocks continue going up this week, except that HK HSI index stayed in flat( has been in sideway consolidation for 3weeks so far in uptrending).

US stocks continue getting higher and higher in hope of tax cut reforms.

STI this week played catch-up and was the best performer with 1.4% gain, breakout new high, it's approaching its uptrend channel(resistance) 3430 now. In 4th week consecutive positive close.

China SSE index looks playing catch-up as well, it has plenty of room to upside, em bullish on the index.

Do take note that SPX is in its 7th month up consecutively, approaching its major upper channel line(resistance) drawn since the bottom of 2009, the market has had extend up-run by now.

Weekly Wrap for the Week of Oct 20

US stocks continue hitting new high after new high. DJI has crossed above 23000 mark this week.

STI is 3rd week up with KEP as one of the biggest winner for the week, still there are room for upside move.

HSI is trading at its upper channel line (resistance) on extended run up, the uptrend looks likely due for a correction.

Shanghai SSE still lag behind its peers and looks plenty of room to upside. Major indexes weekly performance as below.

Weekly Wrap for the Week of Oct 13

Major stock indexes edged up slightly this week, gained 0.1% to 0.8%. Except for China SSE index which gained 1.2%, SSE seen slowly gain strength.

US stocks just getting higher and higher without look back.

STI rebounded for 2nd week, next target is 3365 which is a YEC(year-End-Close) figure to watch.

HSI currently sitting at its 2015 year high(resistance level), overall trend is bullish. SSE has plenty room to upside, next target is 3540 should it continue catch-up.

Weekly Wrap for the Week of Oct 6

US markets three major indexes hit record high again. US stocks on bull run on renewed hope for Trump's tax reform.

Hang Seng HSI index also breakout from its 2mths consolidation range and hit new 3-yr high, it's expected to move higher in coming week(s). Whereas China market  SSE close this week for Golden-Week Holiday.

STI had breakout from its 3wk consolidation and hit 2-mth high, next target is 3365 level. Market is bullish. Blue chip are in focus.

Weekly Wrap for the Week of Sep 29, Monthly Index Performance Sep

Last week of Sep, the "Western" indexes clearly outperformed the "Eastern". US three major indexes i.e. DJI, SPX and COMP all closed with new all time high. The indexes just go up and up. On monthly basis, all three indexes gained from 1% to 2.1% for the month of Sep.

In Asia, the indexes look clearly weaker, HSI lost the most for the week with 1.2% down, hit 5wk low, also its first week down after 8 weeks consecutive up. But HSI has been the most outperformed index with stunning 25.2% YTD.

STI has been in three weeks consolidation range just above 3200 key support level, also its 2nd month loss in a row. The index has no direction at this moment. Continue watch 3200 support and 3270 resistance.

China SSE index still under retracement mode for 4th week, also registered its first month down after 3 months consecutive up. Overall uptrend still intact, immediate support at 3300 with plenty of room for upside move. SSE has been the worst performer this year with 7.9% up YTD.

Indexes weekly and monthly performance are in below tables.