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Sunday, November 12, 2017

Index Weekly Wrap for the Week of Nov 10

For the week of Nov 10, among my six major indexes, all three in Asia closed positive with 1.1% to 1.8% gain, and all three US indexes closed negative with 0.2% to 0.5% loss. Seen in below index weekly performance table, HSI is the top performer with YTD gain of 32.4% gain, and Shanghai index is catching up from last position now, with 10.6% YTD gain.

 STI index looks bullish, it's now trading towards 2-yr upper channel line(resistance) at 3442 thereabout.
 HSI index had breakout its 2-yr upper channel line this week, the bulls look so strong. Tencent(770.HK) this week was giving a push to the index.
 Shanghai SSE index looks great, plenty of room to upside when other indexes look "overbought".
 The US three indexes charts looks stunning, they are just up and up without looking back. When will the trends end?

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