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Saturday, October 8, 2016

weekly Wrap

US stocks closed lower this week, as investors worrying about Fed move for rate hike.

HSI has been range trading for 4th week, best performer as investor is welcoming the Shenzhen-HK Stock Connect, expected to kick start in Nov. Investors are buying up big discount AH shares.

STI has been trading in the range of 2882-2800 for 10 weeks already, a close above 2882YEC is bullish sign.

SSE closed for golden week holiday this week and will resume trading coming week.

Major indexes weekly performance and charts below.

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