Index Weekly Wrap for the Week of Feb 23

Major indexes have recovered most of their loss during recent two-week bloody selloff. STI and Nasdaq have recovered more than 2/3 of the high to low loss so far, and HSI, SPX and DJI have recovered about 50%, SSE being the weakest one, has recovered about 38% of its loss. All major indexes rebounded back for positive YTD return except for SSE, which 0.5% underwater.

It's expected that major indexes to continue their 100% recovery in coming week(s). The major uptrend for all indexes are well intact currently. Please refer to major indexes weekly performance and respective weekly charts below.

Index Weekly Wrap for the Week of Feb 16

Major indexes had a strong rebound after two weeks massive selloff. Most indexes recovered this year loss and back to positive territory YTD, except Shanghai index(SSE) still in the loss of 3.3%

 As seen from below weekly charts, major uptrend still intact, only SSE dropped below its major uptrend channel. The fear index VIX closed at 19.46, back to below 20, which indicate the implied volatility reduced more than half from its peak last week. Investors are not so panic anymore.

Continue watch YEC levels for respective indexes in coming week(s), em bulliah bias as long it can hold above YEC level.

Index Weekly Wrap for the Week of Feb 9

What happened in last week was remarkable, it's rare to see the loss over 1000 points or 5.2% in a week for DJI, or 3000 points in week for HSI. But even with that, the US markets major uptrends are still in good shape, see yourself in below weekly chart.

There are many speculation view out there, bullish, bearish, the start of another round of financial crisis etc, the fact is all are just guess there is no definite answer yet at this stage. The VIX surged up 68% at close and 190% intra-week spooked many and will continue in coming weeks. It's not settle so soon yet.

STI and HSI back down to their uptrend channel now, and SSE was the weakest and the worst performer- surprised me as the Chinese market historically did not in syn with the US.

Now all indexes gave up their gain this year so far, do closely watch whether the stocks can recover and stay above the YEC level in coming week(s). This is important indication.

Index Weekly Wrap for the Week of Feb 2

A sea of blood selling off across all stocks markets have not been in sometime, some investors may even have forgotten it ever happened. In US three major markets, DJI and SPX each spiked down 4.1% and 3.9% respectively, the Nasdaq which dominated by technology stocks dropped less, the FANG stocks i.e. Facebook, Amazon, Netflix and Alphatbet(formerly known as Google) are still holding well. All three indexes had first negative weekly close after four weeks positive consecutively.

STI dropped only 1% for the week, it may catch up to drop more in coming week, back into its major uptrend channel(below 3500) seen in below weekly chart. It had first weekly negative close after 5weeks up in a row,

HSI closed first week in red after seven weeks up in a row, expected some profit taking selling in coming week. And Shanghai index SSE closed first week down after six weeks up consecutively. Immediate support will be 3400 level.