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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.

Sunday, January 29, 2017

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.

Sunday, January 22, 2017

Weekly Wrap

US stocks rebounded on president Donald Trump's inauguration day. DJI ended its 5 days decline and gained nearly 100 points on Friday. US stocks uptrending well intact so far. All markets closed lost a little bit on this week, except Shanghai index(SSE) which closed 0.3% gain.

STI chart looks bullish, might be profit taking in coming week but bulls are obviously in charge.

Hang Seng (HSI) chart bullish bias as well. Please refer to below weekly charts for major indexes.

Sunday, January 15, 2017

Weekly Wrap

In the US markets, SPX and DJI closed within their 5-week consolidation range, whereas the technology index COMP continue moving up, hit new high.

Local index STI had a great start in first 2 weeks of 2017, gained the most with 5% positive. HSI has had 4.3% in the same period as well, not too bad. Shanghai index continue stay flat in first 2 weeks, being the worst performer so far.

STI next major resistance area is 3050-3100 area. The index poised to move higher this year. Chart looks very promising.

Sunday, January 8, 2017

Weekly Wrap

First week of the year 2017, local index STI was one of the best performer with 2.8% weekly gain, the rest indexes also posted positive return with at least 1% up.

STI is trading at its multi-months major resistance level from 2960-2980 area. Plenty of room to upside if it can break above this level. Its chart looks very promising for bulls.

The US markets hit new high this week( all three major indexes), DJI registered high of 19999.631, just an inch below 20,000 level.

HSI and SSE both rebounded hit their 3-week high respectively. Both charts look poised for further rebound.