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Sunday, July 6, 2014

Weekly Wrap

US had only four trading days for the week as Friday is a holiday. It's an "All Green" week. The US major indexes are just getting higher and higher. Nasdaq hit highest since Apr 2000, DJI and SPX both hit all time high again this week.

In Asia, HSI had breakout from its 4-week consolidation, more upside is expected in coming week. STI is in its 2nd week consolidation, with upside bias. SSE nothing special, still hovering 2000 market consolidation.

Monthly Index performance for June.
STI weekly chart:

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