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Sunday, August 14, 2016

Weekly Wrap

US markets all three major indexes hit record high for the week. DJI is in 4-week sideway consolidation after it was initially broke out five weeks ago.

Both SPX and COMP are in 7-week win streak. COMP have had its strong uptrend move so far.

STI bounced up after its previous two weeks sell-off. Immediate resistance will be at 2882 YEC. The index is expected to rebound further if it can cross above this level.

HSI and SSE had 2.8% and 2.5% gain for the week, top in my watchlist. The indexes looks bullish.

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