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Sunday, May 13, 2018

Index Weekly Wrap for the Week of May 11

All major indexes closed positive this week, the US three major indexes added between 2.3% to 2.7% this week, technology stocks dominant Nasdaq($COMP) index was the front runner as always, up by 2.7% for the week and 7.2% return YTD. Weekly candles look bullish and expected to move higher in coming week.

HSI rebounded from its major support level this week with 4% up this week-the highest among all. It's poised for further rebound coming week(s).

As for STI, the bulls look a bit of fatigued and was consolidating within its 3-week trading range, general bullish trend is well intact. Lagger SSE rebounded from its major support level 3100 as well, bulls got a temporary relief, but it looks lack of strength. 








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