Index Weekly Wrap for the Week of Jan 26

World stocks are continue charging higher and higher. For the first three weeks in the year 2018, HSI already recorded 10.8% gain or added more than 3000 points, this is phenomenal. Other major indexes in my table below recorded YTD return from 4.8% to 8.7%.

HSI has been the most outperformed index with 7 weeks up in a row. SSE got 6 weeks, STI got 5 weeks, US three major indexes got 4 weeks each. All indexes weekly candlesticks look very bullish, except STI formed a shooting star candlestick( need one more week to confirm the bearish reversal).

Do remember whatever goes up must come down, whatever goes up fast also come down fast. When market surging up so high, the winning stocks needed to be carefully selected.