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Sunday, December 1, 2013

Weekly/ Monthly Wrap

For the week, US markets continue climb higher and higher, all the three major indices hit new high. With Nasdaq rose the most for 1.7% gain, on top of the list. S&P 500 and Dow hit new historical high but closed a little with slightly 0.1% gain.

Shanghai and Hongkong stocks are in charged by bulls, with 1.1% and 0.8% gain respectively. HK stocks are my preferred alternative market to trade since SG market is so unusually quiet. refer to below weekly indexes performance statistics:

 STI is so disappointed quiet and still stuck in between 3167-3190 support area for the week, within last week trading range. Continue watch the support area for early direction, for coming week.

It's the end of month November. On monthly basis, Shanghai market rose the most with 3.7% up, the US and HSI indexes all had 3.6% to 2.8% gain. Except STI, with 1.1% loss for the month, market momentum was much affected by the three stocks saga namely Asiasons, Blumont and LionGold. It seems the impact has yet dispersed.

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