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Saturday, June 4, 2016

Weekly/Monthly Wrap

China market rebounded this week, after three weeks bottom consolidation. Immediate resistance 3050-3100 area.

HSI 3rd week rebound, with target level 21910 YEC.

STI 3rd week rebound with target 2882 level.

 Does "Sell in May do away" true statement? Well, the answer is the three US major indexes up in May whereas the three Asian ones declined. Weekly and monthly index performance as in below two tables.

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