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Sunday, November 17, 2013

Weekly Wrap

For the week, the three major US stocks indexes continue its all-time high climbing. Nasdaq added 1.7% at 3986, S&P 500 added 1.6% at 1798, less than 2 points to 1800; Dow added 1.3% at 15961 points.

Asian major indexes also turned to green this week with Shanghai added 1.4% at 2135, Hangseng added 1.3% at 23032, and Straits times Index added 0.8% at 3201.

STI finally turned to a green week, after three consecutive weeks red, it reclaimed 3200 level to close at 3201.27, I'm cautiously bullish on the index, major resistance is 3265 and the support still at 3167-3190 area.

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