Weekly Wrap

Most stocks ended this week flat of between 0.4% to -0.5%, markets from US to Asia were relatively quiet before U.S Fed rate announcement next Wednesday. It's mush anticipated there will be a rate hike as recent strong economic data.

US three major indexes are in strong bull run. STI in 5th week consecutive wining streak, HSI consolidating after two weeks profit taking, Shanghai index in 2nd week profit taking.

Major indexes weekly performance table and weekly charts shown in below.

Weekly Wrap & Monthly Performance for Feb

US stocks continue its bull run, the three major indexes all closed with positive gain, SPX is on its 6th week winning streak. DJI registered close of 21000 for the first in its history.

In Asia, Shanghai SSE and Hongkong HSI retreated this week,lost 1.1% and 1.7% respectively. HSI unable to hold above 24000 level, was the worst performer this week.

STI immediate resistance is at 3167, where downside major support level at 3050.

On monthly basis, stocks continue registered positive close for February, 2nd month in a row up. Major indexes weekly performance, monthly performance and weekly charts are seen in below table.

Weekly Wrap

U.S stocks continue hit fresh new high this week, DJI added(+1%), SPX(+0.7%), COMP(+0.1%).
SPX is on its 5th consecutive week winning streak, stay nimble and alert for any pull back.

STI and HSI look on its extended bullish run and may be pull back, whereas the Shanghai index (SSE) may play catch up, looks plenty of room to upside.

Weekly index performance table and major index weekly charts as in below.

Weekly Wrap

World stocks continue going up this week, in my focus list, HSI gained the most with 1.9%, Nasdaq(COMP) added 1.8%, Shanghai index(SSE) also added 0.2% at the bottom of the list, refer to below index weekly performance table.

The U.S stock hit fresh new high this week with no signs of immediate look back, it's bullish.

STI recovered all its intra-week loss of 1.3% on Tuesday on close. Indicated bulls are still in charge.

Weekly Wrap

All three U.S major indexes hit new highs for this week, U.S stocks are in bull run without any doubts. Asian markets are also responded positively along with China's optimistic economic data announcements.

STI closed above 3100 level for the first time since it hit 3104.72 on Oct 30, 2015. The trend is bullish. HSI and SSE are on bullish tone as well, although looks lag a bit.

Index weekly performance and charts as in below.

Weekly Wrap & Monthly Index Performance for Jan

U.S stocks rebounded sharply on Friday, DJI added 186 points to close at weekly high. SPX and COMP close at new week high. The three major indexes are in very bullish trend despite pull back intra-week.

In Asia, stocks slid this week, three major indexes STI, HSI and SSE lost between 0.6% to 1%. STI trend looks still bullish, HSI and SSE on the other hand, are in range bound trading.

For the month of January, major indexes are all closed positively, with 0.5% to 6.2% up. Let's this year "January effect" will become true or not.

Please refer to below index weekly charts and weekly and monthly performance tables.

Weekly Wrap

One week after Trump's president inauguration, world stocks continue bull-run with 1-2% gain.

DJI and SPX broke their 6 weeks sideway consolidation to hit new high, DJI cracked 20,000 level for the first time. COMP looks even more bullish, continue trading new high without consolidation.

In Asia, STI and HSI both on 5 weeks wining streak, led by blue chips such as banks. STI is trading at 3050-3100 top area currently, was formed in Nov 2015.

Shanghai stocks looks rebounding from its bottom support uptrend line. Rebound is quite promising.

major indexes weekly charts as below.