Happy to be writing after a sharing session on Saturday. The sharing went great but it was overrun.

I believed those attended can apply on their trading when they see those simply setup.

But enough about sharing session, let's go to our weekly market review…….

STI Open: 3,398.51

Week High: 3,441.66

Week Low: 3,394.54

STI Closed: 3,431.36

Price Change: +40.16

Percentage change: +1.1%

Total Volume: 0.92 billion

The weekly and daily impulse ended the week green, we are still in uptrend.

MACD histogram and MACD line are ticking up. Currently STI is sitting on 3,431 and the resistance is at 3,454 (22^nd May 2013). The weekly and daily CADI (market breadth) is ticking up; this is to suggest that the bulls are in control of the momentum.

But total volume for the week was 31% lower (1.35 billion vs 0.92 billion) than last week total volume.

With such volume, STI climb to their highest level in nearly 2 years in contrast to others part of Asia with.

I am a caution bull.

This coming week we will have all the banks reporting FY earnings report.

In summary:

So here we are - still bullish, but hovering at new high with a low volume.

Only some index drivers are helping STI to climb higher, Singtel UOB DBS OCBC.

When the market presents a confusing picture, many people will want to see a "better view" and switch to shorter timeframes. But I tend to do the opposite. I like to see things on top to have a better view. Try it, look at broader view (weekly).

Best wishes for the week ahead,

Divergence Trader

Company earnings report for the coming week:

9^th Feb - Ellipsiz (2^nd Qtr), Meghmani (3^rd Qtr), Parkson Retail Asia (2^nd Qtr) & VICOM (FY)

10^th Feb - SBS Transit (FY), DBS (FY) & Fragrance Group (FY)

11^th Feb - ComfortDelgro (FY), Croesus Retail Trust (2^nd Qtr), KSH Holdings (3^rd Qtr), OCBC (FY)

12^th Feb - Amtek Engineering (2^nd Qtr), Biosensors (3^rd Qtr), SembCorp Marine (FY), SingTel (3^rd Qtr), Starburst Holdings (FY) & Wilmar Intl (FY)

13^th Feb – Hi-P International (FY), NOL (FY), Tat Hong (3^rd Qtr) & UOB (FY)

The post Any New Highs Next Week – Weekly Review for 9/2/15 appeared first on Divergence Trader.