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Sunday, July 23, 2017

Weekly Wrap for the week of Jul 21

All major indexes close at new high this week except DJI in focus list below. SPX and COMP are getting higher after previous week breakout but DJI remain in the range with little change this week. The US stocks are in bullish trend. No signs of reverse.

STI hit new high after bullish breakout previous week, next major resistance is at 3365.

HSI is the most outperform index with 21.4% YTD return, Shanghai SSE had its 5th consecutive positive close with immediate resistance at 3300. Major index weekly performance as in below table.

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