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Sunday, August 27, 2017

Weekly Wrap for the Week of Aug 25

World stocks rebounded this week, DJI and SPX close for the first week after two consecutive weeks negative, whereas COMP also close green first time after four weeks red. Major uptrend intact.

Over in Asia, HSI gained the most with 3% up, hit new high. China SSE also crossed its major 3300 resistance mark. Plenty of room for upside move.

STI is relatively weak, added only 0.2% after three weeks negative close, at its support area 3260-3270. Let's see can it make a catch-up in coming week. Overall, the STI index has made 13.1% return YTD, still one of the top performer as compare to other major indexes.

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