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Saturday, January 23, 2016

Weekly Wrap

US markets rebounded this week, after three consecutive weeks decline. Weekly hammer candlestick formed on all three indexes  namely SPX, DJI and COMP, which indicate possible rebound in coming week(s).

All indexes in my table below are still in negative return YTD, STI down 10.6% and HSI down 12.9% YTD.

Major Asia indexes are expected to catch up in coming week, following US rebounce.
Refer to below table for major indexes weekly performance.

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