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Saturday, June 11, 2016

Weekly Wrap

Markets turned weak this week, all three US major indexes formed a bearish weekly candlestick after hitting their resistance levels. Coming week will be the "confirmation" for bears to take charge.

STI was sell-off after hit target 2882 YEC level. Formed a bearish candle.

HSI gained 0.5% for the week, looks still have some room to upside, YTD a loss of 4%,

SSE had only three trading days for the week, overhead target is 3052.

Major index performance as in below table.

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