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Sunday, March 23, 2014

Weekly Wrap

For the week, Shanghai Index( SSE) rebounded from its 2000 level-an important support level watched widely. It rose 2.2% at 2047.

The US market has been in range trading for the past 4-week. The three major indexes uptrend are well intact.
HangSeng (HSI) formed a weekly doji candlestick at close 21436, after previous week 5% slap down.
Straits Times (STI) formed a small body doji on weekly candlestick too, close at 3073 after previous week 2% heavy sell-off, much following HSI. For coming week, watch 3065 level for immediate support, and 3100 for immediate resistance.

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