Weekly Wrap for the Week of Sep 29, Monthly Index Performance Sep

Last week of Sep, the "Western" indexes clearly outperformed the "Eastern". US three major indexes i.e. DJI, SPX and COMP all closed with new all time high. The indexes just go up and up. On monthly basis, all three indexes gained from 1% to 2.1% for the month of Sep.

In Asia, the indexes look clearly weaker, HSI lost the most for the week with 1.2% down, hit 5wk low, also its first week down after 8 weeks consecutive up. But HSI has been the most outperformed index with stunning 25.2% YTD.

STI has been in three weeks consolidation range just above 3200 key support level, also its 2nd month loss in a row. The index has no direction at this moment. Continue watch 3200 support and 3270 resistance.

China SSE index still under retracement mode for 4th week, also registered its first month down after 3 months consecutive up. Overall uptrend still intact, immediate support at 3300 with plenty of room for upside move. SSE has been the worst performer this year with 7.9% up YTD.

Indexes weekly and monthly performance are in below tables.

Weekly Wrap for the Week of Sep 22

US stocks close mixed for the week ended Sep 22, all three major indexes hit new high intra-week. DJI and SPX closed positive but Nasdaq close down on profit taking. All three indexes uptrend in good shape.

Over in Asia, Shanghai SSE index close flat, 3rd week in consolidation after its 3weeks surge up, the trend is still upside.

HSI continue testing its upper channel line while approaching its major resistance 28500 level, leaves ample room for downside profit taking.

STI continue hold just above 3200 key support level ,while we are still in a major uptrend channel.

Weekly Wrap for the Week of Sep 15

US stocks three major indexes all closed new high this week, SPX breakout from its 8 weeks consolidation finally. Very bullish uptrend, and US stocks are expected to continue moving higher.

HSI index has been in a tight range consolidation for three weeks, uptrend is intact. China SSE index in 2nd week profit taking, lost a bit but it seems bulls are still in control. It's expected to resume upward move after the consolidation.

STI tested 3200 support level this week and close just above it. Continue watch key support at 3200 level in coming week see if it rebounds.

Weekly Wrap for the Week of Sep 8

World major indexes closed on bearish tone for the week, US stocks have been trapped within six weeks trading range, though uptrend are instill intact for all the three indexes.

China SSE index stalled this week after three consecutive weeks up. Bulls are in charge but may have profit taking in coming week(s).

HSI index retreated from its upper channel line resistance as shown in below weekly chart.

STI gave up its support area 3260-3270, trading down inside its May-Jul consolidation range 3200-3270, immediate key support level is at 3200. Uptrend still intact.

major indexes weekly performance are in below table.

Weekly Wrap for the Week of Sep 1 and Monthly Index Performance for Aug

Major stocks indexes rebounded for 2nd week, US tech stocks made a strong return with new high, Overall US stocks are in bullish tone, uptrend well intact with no immediate bearish reversal signal.

China SSE in 3rd week up consecutively, China stocks look bullish after crossed above 3300 key level, plenty of room for upside.

HSI index made new high this week, hit its upper uptrend line, also near its major resistance level 28500, watch closely any bearish reversal signals for potential profit taking, the index registered stunning YTD return of 27.1%, has been the most outperformed index in my focus list in below table.

STI rebounded from support area 3260-3270, it's in profit taking and consolidation mode hiting new high in Jul. Continue watch support immediate support 3260-3270 then key support 3200, upside resistance at 3350.

On monthly basis, China SSE registered highest monthly return with 2.7%, following by HSI. STI is the only index had loss in Aug with 1.6% down. Refer to below tables for major index weekly and monthly performance.

Weekly Wrap for the Week of Aug 25

World stocks rebounded this week, DJI and SPX close for the first week after two consecutive weeks negative, whereas COMP also close green first time after four weeks red. Major uptrend intact.

Over in Asia, HSI gained the most with 3% up, hit new high. China SSE also crossed its major 3300 resistance mark. Plenty of room for upside move.

STI is relatively weak, added only 0.2% after three weeks negative close, at its support area 3260-3270. Let's see can it make a catch-up in coming week. Overall, the STI index has made 13.1% return YTD, still one of the top performer as compare to other major indexes.

Weekly Wrap for the Week of Aug 18

US stocks continue fall this week, with the COMP and DJI closed below their major uptrend line, the SPX just close on the uptrend line support. The VIX index dropped 8% to close at 14 this week.

China's SSE index seems unaffected US markets at all, with remarkable 1.9% or 60 points gain this week. Weekly chart looks bullish, with plenty of room to upside. HSI index did not follow through its previous week massive sell, rebounded a bit this week.

STI continue its 3rd week close in red, broke below 3260-3270 support area, next major support is at 3200. Weekly candlestick looks bearish.

Weekly index performance as in below table.