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Saturday, November 28, 2015

Weekly Wrap

Most market closed red for the week. Shanghai leading the fall with 5.3% or 194.2 points. HSI lost 3% for the week.

Performance for the whole year 2015:
Nasdaq +8.3%,
Shanghai +6.2%,
S&P 500 +1.5%,
Dow Jones -0.1%,
HangSeng -6.5%
STI lost the most with 15% loss!

One more month to year end. Let's see who's the champion.  It's clear indication funds are flowing out of Singapore this year ahead Fed rate hike, which widely anticipated to be in next month.

STI weekly candlestick looks very bearish, it looks still there is space for further downside. key level to watch is 3050.

Little change for the US markets as it's a shortened week, market closed 1.5 days for thanksgiving holiday.

HSI weekly candles negated its previous week gain. Market sentiment remain bearish. Key level to watch is 23605. Whereas SSE is in retracement mode for this week.

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