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Sunday, January 19, 2014

Weekly Wrap

For the week, HSI added the most with 287 points or 1.3% gain to 23133. Nasdaq made new high to 4197 points, DJI slightly up by 0.1%, and SPX lost 0.2%. SSE another losing week, lost 0.4% to 2005, where 2000 is the major support.
For STI, it has been consolidation for the past two weeks in the range of 3115 to 3155. It formed two weekly long tails candlestick, which indicate rejection of sell-off. Immediate resistance is 3167-3190 level if it were to rebound. Where for downside, 3115 if the immediate support. 

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