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Saturday, February 15, 2014

Weekly Wrap

For the week, world major indexes continued rebound. In US, DJI and SPX each gained 2.3% for the week, COMP added 2.9% and hit new multi-year high. Technology sector looks very bullish.

In Asia, Shanghai index (SSE) gained the most with 3.5% or 71points for the week, HSI added 3.1%, but STI only rebounded little with 0.8% or 25.57 points up, close at 3038.71.
It appears STI still have some room for rebound, next target is 3065 and 3100 which is its major downtrend line.
 SPX is approaching its last year close at 1848. the weekly candlestick looks bullish.


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