Monday, October 17, 2016

• Last week, global markets were largely affected by a weaker-than-expected China trade data and a number of US corporate earnings.

This week market technical outlook

•             Last week, global markets were largely affected by a weaker-than-expected China trade data and a number of US corporate earnings.
•             This week, market could be volatile as China is scheduled to release its GDP number on Wednesday and 80 of the S&P500 companies are expected to release their Q3 results.


S&P500 (SPX)- Prepare for a volatile week as 80 SPX’s companies schedule to release their Q3 earnings.
Hang Seng (HSI)(Top pick) - Could be trading within 23000-23500 while waiting for China GDP number.
Strait Times (STI)- Likely to stay range-bound this week.
KLCI- Likely to stay sideway.



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