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Sunday, March 18, 2018

Index Weekly Wrap for the Week of Mar 16

US markets major three indexes down a little by profit taking, amid of trade war uncertainties. Technologies dominate index Nasdaq($COMP)  look still very bullish, one of the strongest performer with YTD return of 8.4%. also, DJI trapped within its 6-week trading range, and SPX was within its 3-week range bound.

In Asia, major index Hang Seng(HSI) rebounded back to its 6-week top range, uptrend well intact,
STI was capped by its uptrend channel top as resistance at 3550 level. Shanghai index (SSE) has been consolidating at its uptrend channel bottom support line 3245 for 4-weeks already, more upside is expected if it can close above 3300 level.

Major index weekly performance and weekly charts are as follow.

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