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Saturday, March 7, 2015

Weekly Wrap

DJI lost 275.9 points or 1.5% this week, its biggest loss in past five weeks.
HSI and Shanghai lost the most for 2.7% and 2.1% respectively. Whereas STI ended up 0.4% gain for the week, the only index in green.

The three US indices all on the top of their chart, probability of continue their retracement in coming week(s) increased.  

HSI next major support is 23900, its uptrending still intact.
 STI hit its major resistance level 3450 few times but unable to break above it. It may continue consolidate between the range of 3450-3365.

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