Weekly/ Monthly Wrap

Weekly Index Performance:

Monthly Index Performance for May as below. Those who believe " Sell in May and go away" should be disappointed with the all "Green" indexes.

STI weekly chart as below. STI had breakout upside, after its five weeks consolidation. More upside is expected.

Two Breakout Play

Silverlake breakout

Weekly Wrap

For the week, major indies ended "All Green", Nasdaq up the most with 2.3% gain, SPX gained 1.2%.
STI CLOSED at one year high at 3278.02 for the week. More upside is expected.

STI In Consolidation

Weekly Wrap

For the week, the DJI and SPX hit new all time high but ended back within its sideway range, both formed spinning top candlestick which is a bit bearish. COMP in range trading as well. The three major indexes are still in uptrending.

In Asia, HSI had a big rebound with 3.9% up, hit its three-week high. SSE are hovering around bottom 2000 mark.
STI +10.46 to closed at 3262.59. The index had a big swing for the week: hit 3-week low and high, and closed at 3-week high. It's expected the index could move up further.

STI daily chart:

Nam Cheong: Slow and Steady

Charts for Bulls