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Saturday, September 20, 2014

Weekly Wrap

For the week, it's clear cut that US three indices ended with positive and Asian three indices ended with negative. US three indices hit new high for the week, it's just getting higher and higher along with rate hike worries. Market often go the opposite direction as most people expected.

STI lost the most with 1.2% down. It spiked down below 3300 support level and managed to rebound and close just above it at 3305. Immediate resistance to watch is at 3359.

HSI unable to hold 25000 and retraced for past two weeks, immediate support level is at 23935, which is previous resistance turn possible support level now.

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