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Saturday, March 15, 2014

Weekly Wrap

A sea of blood for the week... US three major indexes show bearish weekly candlestick, further correction is expected.
HSI was sell-off hard, lost 4.9% in the week.

HSI weekly chart below, I'm looking at its major uptrend line for support.

STI weekly chart below, the weekly candlestick looks very bearish.

1 comment:

Edmund said...

Pending Janet Yellen speech on Wednesday, the market is anticipation of another QE. When that happened or tapering is put on hold, the stock will burst higher like a rocket. Same for other stocks.