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Saturday, October 29, 2016

Weekly Wrap

The US stocks have been stuck in a tight trading ranged for two months, though the three major indexes are still trading above their key support level in a uptrend. Awaiting for Nov 8 president election result?

In Asia, markets looks rather bearish than bullish. No positive news except the Shenzhen Hongkong stock connect is going to start in November.

STI has been range trading between 2880- 2800 for more than two months as well, and it's slowly drifting downward. This week it just closed above its immediate support level 2800.

SSE too in sideway trading for months, but slightly on a bullish tone, above its key support 3000.

Major indexes weekly performance as in below.

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