Monday, October 26, 2015

This week Market watch 26 October

上周五,美国股指全面收高,道指涨0.90%,标普500涨1.1%, 纳指劲升2.27%
一周来看,道指累计上涨2.5%,标普500指数累计上涨2.1%,纳指累计上涨3.0%。至9月美联储决定不暂时不加息,美股已连续第四周上涨,这也是从7月份以来最长连续上涨纪录,图表看起来也到了一个阻力位。道指17600,标普2060, 纳指4940

Last week Us market was good as market continue to move higher and finish the week with 4 consecutive week up. Since the September FOMC meeting, FED not increasing the rate so soon market has been bullish. Dow jones also near the resistance at 17600, this is also the previous support area before the big drop in August, hence investors who have bought at lower price in september, now is waiting to take profit. S&P resistance 2060, Nasdaq 4940

European market also moved higher by 2% on friday, due to the surprise from China cutting rates on friday evening and the hopes with ECB stimulus plan.

China Cut Rates last friday
The People's Bank of China (PBOC) lowered its benchmark interest rates by 25 basis points, alongside a half-percentage cut in the reserve requirement ratio (RRR), to jumpstart a slowing economy.

This week market watch

Tuesday FOMC will be having their monthly meeting.
The Fed decision, due Wednesday, and the GDP report, coming Thursday, will take center stage this week.
The big question is whether the Fed will hint at a December move.

STI up 34 to 3102 this morning due to the strong market in US, China might lead the Asia market this week to higher ground, Singapore mostly penny stock active, becareful of profit taking in the Penny stock, dont keep for long term, they get bad names for a reason.

This week in singapore, still many company announcing their 3rd quarter result, so market will still be paying attention on the results.HangSeng strong above 23000 Support at 22700
Our team has consolidated the Q3 corporate calendar, to see the date of the upcoming announcement just click this Link

China Market - Strong index turning up above 3400, SUpport at 3350, looking to go higher above 3500 or 3600 with the good news

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