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Saturday, June 7, 2014

Weekly Wrap

For the week, US market continue climbing up, with the DJI and SPX both hit new historical high. Nasdaq at its 3rd week consecutive green as well, it's now just beneath its year high. Overall market is bullish and no signs of immediate downturn. Bulls are dominating the market now.

In Asia, STI just closed inch below 3300 level. The index has been bullish recently and expected to move up further. SSE has been hovering around 2000 level since the beginning of the year for most of the time. Really need a lots of patience.
HSI formed a bearish weekly candle this week, after its 3 weeks consecutive green. It might be retraced in coming week.

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