Index Weekly Wrap for the Week of Jan 26

World stocks are continue charging higher and higher. For the first three weeks in the year 2018, HSI already recorded 10.8% gain or added more than 3000 points, this is phenomenal. Other major indexes in my table below recorded YTD return from 4.8% to 8.7%.

HSI has been the most outperformed index with 7 weeks up in a row. SSE got 6 weeks, STI got 5 weeks, US three major indexes got 4 weeks each. All indexes weekly candlesticks look very bullish, except STI formed a shooting star candlestick( need one more week to confirm the bearish reversal).

Do remember whatever goes up must come down, whatever goes up fast also come down fast. When market surging up so high, the winning stocks needed to be carefully selected.

Index Weekly Wrap for the Week of Jan 19

For the week ended Jan 19, all of the world major indexes in my table below continue positive-close for 3rd week. Bulls are very strong. All indexes hit new high. HSI and Shanghai are leading the way for the week.

Index Weekly Wrap for the Week of Jan 12

World stocks continue 2nd week of bull run, DJI added another 2% for the week, top gainer, and least gainer is STI, up by 0.9%. Check my focus list of indexes in below table for the weekly performance.

All indexes made new high except Shanghai index(SSE) as the only lagger is catching up now.

Indexes has had multiple weeks of continue run-up in a row: HSI up for 5 weeks, SSE 4 weeks, STI 3 weeks. STI is just about 5 points away to its 10 years highest close 3525 level hit on 17/4/2015.

Index Weekly Wrap for the Week of Jan 5

First week for new year 2018, all stocks registered stunning weekly return. Excellent start for the year. All indexes breakout new high except Shanghai index SSE which rebounded from its uptrend channel bottom( refer to weekly chart below). SSE set up for catch-up this year after testing major support, there are plenty of room to upside.

In the US, Nasdaq ($COMP) registered top return among my focus list of the indexes with 3.4% weekly gain, thanks to the strong performance of technology stocks. DJI chart shows the bulls are now in its 3rd uptrend primary phase--the excess phase(refer to my Dec 22 post HERE for more info). It has been the longest bull run for US stocks, watch out closely for any trend reversal.

Hang Seng index(HSI) continue it super bullish momentum after last year's awesome 36% return.

STI had breakout new high this year, spike out its upper trend channel marginally. Watch out for any pull back in coming week(s), it also may pull back for profit taking then rebound back up again, just like HSI chart which already trending outside its uptrend channel and continue trending up.

Index Weekly Wrap for the Week of Dec 29, 2017 Year-End Wrap

It's the last week for the year 2017, we are coming to the end of this year. Looking back, Hang Seng Index(HSI) is the most outperformed index with stunning 36% gain, and Shanghai Index(SSE) on the contrast, is the least performer with only 6.6% up.

Below are the ranking of the performance of the major indexes for year 2017, with their gains:
1. Hang Seng Index        +36%;
2. Nasdaq                        +28.2%;
3. Dow Jones Index        +25.1%;
4. S&P 500 Index    +19.4%;
5. Straits Times Index     +18.1%;
6. Shanghai Index           +6.6%

Some of the most outperformed stocks in HK are Geely Auto( 0175.HK), gained 260%, "King of the Stock" Tencent(0700.HK) up by 120%, even the long time value stock HSBC(0005.HK) also had 28.5% gain this year.

This year, two most popular sector are undoubtedly the Technology and Semiconductor sectors. The
Singapore listed 3 largest Semiconductor companies ranked by percentage gain for the year 2017:
 AEM(+485%), Micro-Mechanics(+144%), UMS(+109%);

And Singapore listed 3 largest Technology companies ranked by percentage gain for the year 2017:
Hi-P(+267%), Venture(107%), Valuetronic(92%).

Below table listed top four companies each for the technology and semicon sectors and their performance.

Data source: SGX StockFacts

Much have said in the market that technologies will continue dominate new year 2018 investment theme. And the Internet of Things(IoT) will getting hotter in the years to come, after this year's bitcoin surprising eye-catching development.

Index Weekly Wrap for the Week of Dec 22

It was the 2nd last week for the year 2017, US stocks continue hitting new highs and new highs.

In my opinion, the uptrend in US stocks has come to the so-called "Excess Phase" of primary trend according to Dow Theory, which states that there are three phases to every primary trend – the accumulation phase (distribution phase), the public participation phase and a panic phase (excess phase). Read more: Dow Theory: The Three Phases Of Primary Trends. The Excess Phase is the final phase of three, so let's be prepared for it when it gets bent next year.

Asia stock markets on the other hand look quite different from the US, HSI still in the first phase and goes into 2nd, i.e from accumulation move into public participation. It just passed through three year high, made a retest and just got rebounded this week from 28512 level, poised to move higher in coming weeks. The Shanghai index rebounded finally after 5 weeks decline, right at its uptrend channel bottom support level, which looks good and this will also provide positive spillover momentum to HSI. The SSE is lagging behind all the major indexes and in the 1st phase-accumulation phase.

STI was in 3rd week of retracement, and resisted by its upper trend channel line as can be seen in below weekly chart. I consider it a health retracement as long it can hold above 3365 support level, but if it goes below this level, then it's possible it will further retrace down to its uptrend channel bottom line.

Index Weekly Wrap for the Week of Dec 15

For the week ended Dec 15, US stocks all three major indexes hit fresh new high again. No signs of immediate reversal. Tech stocks dominated index Nasdaq had breakout new high after two weeks of sideway consolidation.

In Asia, however, the stocks look lackluster.  HSI index managed to stay above key support level 28512, after two weeks consecutive selloff. Shanghai SSE continue slid for 5th week, lost total 166 points or nearly 5% from its high 5 weeks ago. It's now at uptrend channel bottom support level. Are we going to have a bullish reversal in coming week? Let's see.

STI hit its upper trend channel line as resistance and in 2nd week retracement this week. Uptrend still intact but there are room for downside as well, next support level at 3380.