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Saturday, August 5, 2017

Weekly Wrap and Monthly Index Performance for Jul

US stocks close mixed for the week, DJI hit fresh new high, SPX close flat and tech weighted Nasdaq closed negative on profit taking.

YTD, HSI had stunning return of 25.3%, has been the outperform index, Shanghai index is the least performer with 5.1% return YTD.  HSI on its bullish run up with next reisistance at 28500 level, and Shanghai facing overhead resistance at 3300.

STI also facing overhead resistance at 3365 after five weeks consecutive positive close.

Index weekly/monthly performance as below.

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