Index Weekly Wrap for the Week of Jul 20

US stocks mostly stalled this week, three indices had little change.The technology dominant Nasdaq($COMP) hit fresh intra-week high and stall. All three major indices uptrend are well intact.
The "fear index" closed at 12.86 this week, no fear at all.

In Asia, major uptrend was broken down weeks ago and rebounded this week after selloff. STI index rebounded the most with 1.1% gain- its 2nd week rebound, immediate resistance at 3300 level then major resistance 3340-3360.

HSI continue to be supported just above 28000 level, Shanghai SSE index consolidated within its 3weeks trading range of 2750-2850 area.