Index Weekly Wrap for the Week of Jun 29

It was the end of last week of the month also the last trading day of the first half of the year. SPX and DJI had three weeks fell consecutively, and the relatively stronger Nasdaq(COMP) was in 2nd week fell after hitting fresh high. Both SPX and COMP are still having postive YTD return with 1.7% and 8.8% respectivlely, but DJI is underwater with 1.8% YTD return. All three major US indices weekly major uptrend are still intact(as shown in below weekly charts).

In Asia, stocks look even more bearish. HSI recently just broke its major uptrend and key support level 30,000 mark, Shanghai SSE index also broke its key support 3,000 and free-fall style selloff.
STI fell to the edge of its major uptrend channel bottom. All three indices are underwater with YTD return at -3.2%, -13.9% and -3.9% for HSI, SSE and STI respectively.

STI major resistance 3340 and support at 3200, HSI major support at 28100, major resistance at 30,000 level.

The fear index VIX jumped up about 17% this week to close at 16.09, indication of moderate risk. Notably, Gold fell to its 6 month low of 1251, attributed to strong dollar. Crude Oil WTI climbed up to 74, a level never seen since Nov 2014.