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Monday, September 25, 2017

Weekly Wrap for the Week of Sep 22

US stocks close mixed for the week ended Sep 22, all three major indexes hit new high intra-week. DJI and SPX closed positive but Nasdaq close down on profit taking. All three indexes uptrend in good shape.

Over in Asia, Shanghai SSE index close flat, 3rd week in consolidation after its 3weeks surge up, the trend is still upside.

HSI continue testing its upper channel line while approaching its major resistance 28500 level, leaves ample room for downside profit taking.

STI continue hold just above 3200 key support level ,while we are still in a major uptrend channel.

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