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Saturday, June 3, 2017

Weekly Wrap for the Week of 2 Jun, Monthly Wrap for May, 2017

US three major indexes all hit new all time high this week, bulls are in charge.

STI rebounded this week, resumed uptrending; the index uptrend is well intact. Immediate support is 3190 and resistance at 3265,

HSI has been outperformed all other indexes this year with most gain of 17.8% YTD, whereas China SSE has been the worst performer this year, it closed just above edge of 3100 key level this week, about the same level it close last year(YEC).

Weekly index performance and weekly charts as follows.

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