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Saturday, October 3, 2015

Weekly Wrap

Markets rebounded this week, except for Shanghai and STI. Shanghai market closed for holiday and will be resume trading on Oct 8, next Thur.

Stocks are quite volatile this week, they are sold off early but rebounded in late week, recovered all or most loss. HSI hit new low on Tue since Jul 2013 then quickly recovered on Thur and Fri.

US three major indexes have been trading within its prior weekly range in last month, hit bottom and rebound. Mostly in consolidation mode.

STI looks very weak as compare to its peers. it broke below its consolidation range, hit new low since Jun 2012, managed recover a bit only. Weekly closed with 1.4% down. No bullish reversal sign seen yet.

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