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Saturday, August 6, 2016

Weekly Wrap

US markets rebounded sharply. DJI reversed its previous 10 days selling mode, added 191 points. The SPX hit new all time high on Friday. Nasdaq was just few points below its all time high. US markets has been outperforming other markets, very bullish.

STI 2nd week decline, sentiment is bearish largely affected by Swiber's judicial management. It was below its YEC 2882. Let see whether it can catch up with US markets in coming week. Immediate resistance level to watch is 2882.

HSI had positive YTD figure now, gained 1.2% for the week, 1.1% YTD. The index looks bullish.

SSE flat for the week, in sideway consolidation mode with upward bias. Immediate resistance to watch is 3052.

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