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Saturday, February 14, 2015

Weekly Wrap

Major indices weekly performance: Shanghai Index(SSE) rebounded with 4.2% gain for the week, $COMP had very bullish weekly breakout candle, hit new high since 2000 internet bubble(5132 points is its all-time high).

Expected STI, SSE and HSI will be quiet in coming week as shortened trading days for CNY holiday.
Coming week, STI will be closed for holiday on Thur and Fri, Wed half day trading until 12.30pm.
HSI will be closed on Thur and Fri too, SSE will be closed for holiday from 18 Feb to 24 Feb, resume trading on 25 Feb.

 STI hit 3450 resistance this week, expected it will be sideway consolidation or retracement in coming weeks. The index has been in uptrending so far.

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