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Saturday, March 12, 2016

Weekly Wrap

US markets surged up on Friday, DJI added 218points, while SPX up 32points, as oil price rose and investors also look positively for European Central Bank(ECB)'s stimulus.

DJI and SPX closed above 200ma for the first time this year, which indicate early bullishness on long term trend. The indexes are on four-week win streak now.

Shanghai market still within its six-week trading range from 2638-2955.

HSI into its 2nd week win after previous week breakout. It's expected to continue rebound in coming week.

STI has been in sideway trading for the week, had little change. It is approaching 2882 YEC level also immediate resistance.

Weekly indexes performance and weekly charts are in below.

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