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Thursday, May 1, 2014

Monthly Wrap: Apr Index Performance

April finally comes to the end. STI gained the most with 76.09 points or 2.4%, whereas Nasdaq was the worst performer with 84.43 or 2.0% down.

STI hit its 10-month high of 3284.7points, at its 3rd month consecutive up. The monthly candle appears very bullish, more upside if break above 3285, with next target at 3340. It appears to me on its daily chart the index may consolidate within current range or retrace for a while in coming week(s).

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