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Saturday, August 23, 2014

Weekly Wrap

The major indices ended with "all green"for second week. DJI up the most with 2% gain, local index STI had least gain of 0.3% for the week.

HSI and SSE continue look good. HSI hit its remarkable six years high, close crossed 25000 level at 25112.23, first time in more than six years. Its mid to long time frame still very bullish though the index have run-up to "over bought" area now.

STI ended with 11 points gain for the week at 3325.5, I'm bullish on it with mid-long term target at 3450 level, as long the 3300 support hold.

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