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Sunday, April 24, 2016

Weekly Wrap

Most stock markets closed higher marginally for the week, while DJI, SPX, COMP, STI and  HSI hit new high. Shanghai SSE declined 3.9% for the week, affected other markets.

So far, there are three indexes i.e STI, DJI and SPX trading positive YTD and three negative i.e HSI, COMP and SSE. SSE YTD still a loss at 16.4%.

DJI closed above 18000 level for the first time since Jul 2015 though just three points only. Expected the index facing major resistance for further upside move, where it was congested area previously.

STI daily uptrend intact well, em bullish as long the index can hold above YEC 2882 level.

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