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Saturday, February 13, 2016

Weekly Wrap

For the week, major indices on 2nd consecutive week red. DJI rebounded 313 points on Friday but it still down 230 points or 1.4% for the whole week.

US markets generally are holding above their major support level, for now. DJI is holding above its major support 15500, SPX holding well above its major support 1820, COMP holding above its major support 4300 level.

Whereas HSI hit new low this week, lost the most for 5% for the week. STI has been trading in the range for the past four weeks, just holding above 2528 level. Shanghai market closing for CNY holiday, trading will be resume on coming week.

Indices weekly performance as in below table.

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