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Sunday, September 29, 2013

Weekly Wrap

For the week, indices dropped except Nasdaq gained 6.87 points or 0.2%, Shanghai dropped the most with 31.82 points or 1.5% loss.

On weekly basis:
STI lost 27.35 points or 0.8% after 3 weeks up in a row;
HSI lost 295.47 points or 1.3% after 3 weeks up in a row;
SSE lost another 31.85 points or 1.5%, it lost 44 points or 2% in previous week;
SPX lost 18.16 points or 1.1%, after 3 weeks up in a row;
DJI lost 192.85 points or 1.3%, after 3 weeks up in a row. Refer to below table for details:

STI immediate support at 3190, major resistance at 3265 for coming week. More upside if it broke above 3265, bearish if it broke below 3190.

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