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Tuesday, January 28, 2014

Weekly Wrap

Here's my delayed weekly wrap for last week. The indexes had heavy sell-off last week, will it be the turning point for bears to take over? As for Asian market, bears has already been taken control STI and SSE. The US three major indexes uptrend still intact.

SSE dipped below 2000 mark in the week but managed to reclaimed above it at week close.
STI has broken few key support level and bears is in absolute control now. We have three more days to end the week and also for the month of Jan. High probability STI will close in red for the first month of 2014. If January Effect is to be true, then the whole year would be bearish. No one can be 100% sure about this though. Be prepared.

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