For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.

The Secret Recipe: Trading Success = Winning Trading System - U


Change Domain of this Blogger

NOTICE Dear Readers Please note this blogger domain will be changed from current domain to , please use th...

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. 

No comments: