Index Weekly Wrap for the Week of Sep 28

US technology stocks closed up this week but DJI and SPX down from their peak. All three indexes major uptrend are well intact, no immediate reversal signs.

In Asia, STI poised for 3rd week rebound in a row, Shanghai stock index in 2nd week up from its bottom too, hit 8 weeks high  ahead of China long holiday. Sentiment has turned to bullish over past two weeks. HSI was resisted just below its 28000 level and major uptrend line that support-turn-resistance.

Major indexes weekly performance and weekly charts are as follow.