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Sunday, March 26, 2017

Weekly Wrap

US stocks selloff this week, DJI and SPX had its largest weekly loss since November. The immediate ascending trendlines had been broken down. Warning signal for bulls.

STI had its first weekly loss after six weeks of up. Shanghai and Hang Seng are the only two indexes closed positive in my below major index weekly performance table, Shanghai index appears poised to move higher.

Major index performance table and index weekly charts as shown below.

Sunday, March 19, 2017

Weekly Wrap

Global stocks closed higher after the Fed's decision to raise interest rate for 2nd time within 3months time.

Hang Seng index gained the most with 3.1% higher this week, whereas the Straits Times Index gained 1.1%.On YTD basis, the STI and HSI both gained 10% and 10.5%, the most in my main indexes in below table. Bulls are obviously in charge. Refer to below weekly charts for major indexes.

Sunday, March 12, 2017

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.

Sunday, March 5, 2017

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.

Saturday, February 25, 2017

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.

Saturday, February 18, 2017

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.

Saturday, February 11, 2017

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.

Sunday, February 5, 2017

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.