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Saturday, December 26, 2015

Weekly Wrap

Stock markets had a shortened trading days this week in below table, except for Shanghai which traded as per normal.

Coming week is final one for the year 2015. It's very important especially for SPX and DJI, as how they close in coming week will determine whether their whole year performance are positive or negative. SPX and DJI closed 0.1% and -1.5% respectively this week.

Top two YTD performance are SSE and Nasdaq which gained 12.2% and 6.6% respectively. Whereas STI and HSI lost 14.5% and 6.2% respectively, being the worst two indices. So far.

SPX and DJI rebounded back into their trading range after broke down their weekly support previously. It's expected the indices will continue trading within their weekly trading range in coming week.

Shanghai index facing weekly resistance at 2680 level, more upside is expected if it can close above this level.

HSI and STI not showing bullishness sign, rather relatively quiet at previous low trading range.

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