Weekly Wrap

For the week, SPX and DJI are continue its sideway range trading at top, while COMP retraced for 3rd week. All three indexes uptrend are still well intact.

STI had its biggest weekly gain since last Sep, with 98pts or 3.2% up, just few points below its 3month high.

STI closed at 3172.17 for the week. Back to its YEC level between 3167-3190 area. The index is bullish but hitting resistance now, early signal for further upside would be CLOSE above 3190.

IndoAgri Double Bottom Breakout

STI Hit One Month High

Message from FB "SgTraderClub"

Mar 27 Thur, stockwatch

overnight US market declined. DJI-99, SPX-13. It looks Bulls unable to breaktrough recent consolidation range and push up further.

STI added 39.15pts or 1.3% to 3143.32 yesterday. HSI+155pts. SSE flat....
The rose on STI maybe due to month end and quarter-end window dressing.

On its daily chart, STI break one month high yesterday. the candlestick looks bullish, my next target to watch is the 3169-3190 area as resistance, if it were to continue up.

Stock bullish set-up:
Q&M
OKH
Noble
CDL HT

STI Approaching to Key Resistance

Message from FB "SgTraderClub" daily updates on Mar 24:

• STI rebounded 38.44 points unexpectedly, follwed HSI's 400pts surge. The index approaching donwtend line resistance at 3020. it closed at 3111 today. There is a gap resistance at 3124-3115 on Mar 12.
• STI capped by a downtrend line

Case Study: CMA

CapMallsAsia (CMA) Setup for rebound:
1. major support at 1.69, (resistance turn support, way back yr2012)
2. Bullish reversal candlestick pattern
3. MACD Bullish divergence
Immediate target will be the downtrendline at 1.75.

Caution to note: CMA in downtrending, if break below support 1.69 must cut( can give some margin)

Weekly Wrap

For the week, Shanghai Index( SSE) rebounded from its 2000 level-an important support level watched widely. It rose 2.2% at 2047.

The US market has been in range trading for the past 4-week. The three major indexes uptrend are well intact.
HangSeng (HSI) formed a weekly doji candlestick at close 21436, after previous week 5% slap down.
Straits Times (STI) formed a small body doji on weekly candlestick too, close at 3073 after previous week 2% heavy sell-off, much following HSI. For coming week, watch 3065 level for immediate support, and 3100 for immediate resistance.

Weekly Wrap

A sea of blood for the week... US three major indexes show bearish weekly candlestick, further correction is expected.
HSI was sell-off hard, lost 4.9% in the week.


HSI weekly chart below, I'm looking at its major uptrend line for support.

STI weekly chart below, the weekly candlestick looks very bearish.

UOB Major Support @20.0