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Sunday, May 27, 2018

Index Weekly Wrap for the Week of May 25

US stocks closed positive this week and Asia three major indexes closed negative as opposite. The DJI is trading just above its YEC level, SPX and COMP had 1.8% and 7.7% YTD return. Major uptrend are well intact for the three indexes.

IN Asia, HSI and STI are in 2nd week retracement within uptrend channel, SSE had first week down after 4 weeks rebound, technically  SSE looks weak and it's the only index had netagive YTD return with loss of 5%.

STI major support 3500 and resistance 3600.

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