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Sunday, December 8, 2013

Weekly Wrap

For the week, US market three major indices weekly candles look still bullish bias. Asian markets Shanghai and Hangseng look bullish too, except STI which broke down its major support 3120.

SSE gain the most with 0.7% gain in my performance list below. US markets stayed flat. STI closed at 3114.17, lost 2% at the bottom of the list.
 Investors are continuing "buy China( focusing on H-shares) and forget Singapore". STI broke 3120 support on Fri. The weekly candle looks very bearish but its daily candles formed a doji on Fri, which indicating a possible rebound with target being 3167-3190.

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