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Saturday, February 6, 2016

Weekly Wrap

Dear readers, wish you Happy Chinese New Year.

Coming week trading in Singapore only resumes on Wednesday, HK start on Thursday, China markets will be closed for whole week and only resumes on the week after.

Market donot look good, as US markets resumed its decline after two weeks rebound. The three major US markets were sell-off hard on Fri.

STI has been in "bottom" range trading for past three weeks.Shanghai and HK look no bullish momentum for rebound. Given the shortened trading days, it's expected it will be relatively quiet for coming week, if not following the US.

Weekly major indices performance in below table.

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