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Saturday, May 20, 2017

Weekly Wrap for the Week of May 19

U.S stocks dropped this week, and the rest of world followed. Nasdaq(COMP) close negative for the first time after four weeks consecutive up, whereas the S&P 500(SPX) and Dow Jones(DJI) declined for 2nd week. All three indexes are in nice uptrending, no signs of immediate trend change despite of Mr Trump's recent presidency turmoil.

STI down first week after three consecutive week up, immediate support level to watch is 3190, upside resistance 3275 level.

HSI has been trending up well, Shanghai(SSE) is the weakest among the six major indexes, the only index had negative YTD return.

Weekly performance table and weekly charts are as follow:







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