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Sunday, May 18, 2014

Weekly Wrap

For the week, the DJI and SPX hit new all time high but ended back within its sideway range, both formed spinning top candlestick which is a bit bearish. COMP in range trading as well. The three major indexes are still in uptrending.

In Asia, HSI had a big rebound with 3.9% up, hit its three-week high. SSE are hovering around bottom 2000 mark.
STI +10.46 to closed at 3262.59. The index had a big swing for the week: hit 3-week low and high, and closed at 3-week high. It's expected the index could move up further.

STI daily chart:

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