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Monday, October 2, 2017

Weekly Wrap for the Week of Sep 29, Monthly Index Performance Sep

Last week of Sep, the "Western" indexes clearly outperformed the "Eastern". US three major indexes i.e. DJI, SPX and COMP all closed with new all time high. The indexes just go up and up. On monthly basis, all three indexes gained from 1% to 2.1% for the month of Sep.

In Asia, the indexes look clearly weaker, HSI lost the most for the week with 1.2% down, hit 5wk low, also its first week down after 8 weeks consecutive up. But HSI has been the most outperformed index with stunning 25.2% YTD.

STI has been in three weeks consolidation range just above 3200 key support level, also its 2nd month loss in a row. The index has no direction at this moment. Continue watch 3200 support and 3270 resistance.

China SSE index still under retracement mode for 4th week, also registered its first month down after 3 months consecutive up. Overall uptrend still intact, immediate support at 3300 with plenty of room for upside move. SSE has been the worst performer this year with 7.9% up YTD.

Indexes weekly and monthly performance are in below tables.

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