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Saturday, July 9, 2016

Weekly Wrap

US market continue 2nd week rebound after Brexit plunge. Friday's job data sent the indexes even higher, as DJI and SPX both just beneath their all time high.

STI stayed flat with upside bias this week, its immediate resistance is 2882 YEC level, expected more upside move in coming week, following US mkt 250pts surge on Friday.

HSI and SSE are in bullish tone as well. Weekly index performance as in below table.

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