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Saturday, February 17, 2018

Index Weekly Wrap for the Week of Feb 16

Major indexes had a strong rebound after two weeks massive selloff. Most indexes recovered this year loss and back to positive territory YTD, except Shanghai index(SSE) still in the loss of 3.3%

 As seen from below weekly charts, major uptrend still intact, only SSE dropped below its major uptrend channel. The fear index VIX closed at 19.46, back to below 20, which indicate the implied volatility reduced more than half from its peak last week. Investors are not so panic anymore.

Continue watch YEC levels for respective indexes in coming week(s), em bulliah bias as long it can hold above YEC level.

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