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Sunday, March 24, 2013

Weekly Wrap

For the week, Shanghai index( SSE) gained 2.2%, the only green in my list below, the US market basically flat for the week, formed a top indecisive candlestick(weekly), STI and HSI lost 0.8% and 1.9% respectively.

on Friday, STI closed marginally below the 3300-3260 trading range for the past two months, lost 27.5 points at 3258.6, STI is seen still in sideway consolidation mode for now, next support level to watch is 3235, which is previous resistance turn support level.

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