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Saturday, May 10, 2014

Weekly Wrap

For the week, DJI and SPX holding near resistance level. Technology companies sell off led Nasdaq lost 52.03 points or 1.3%.

In Asia, STI in consolidation phase, stayed in between 3250-3260 support level. Bullish if it hold above this level, or otherwise 3219-3235 area is the immediate support.

HSI and SSE anther week of loss. HSI lost almost 400 points for the week. The weekly candle looks bearish. SSE was just hold above its key support level 2000, closed at 2011.13.

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