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Sunday, October 2, 2016

Weekly/monthly Wrap

US markets closed positive for the week. All three major indexes are above their major support level, uptrend in good shape. DJI, SPX and COMP rose 0.3%, 0.2% and 0.1% respectively.

STI has been trapped just beneath key resistance level 2882YEC for two months, continue watch for a close above 2882YEC for further upside move.

HSI lost 1.6% for the week, retraced down into its uptrend channel as shown in below weekly chart.
SSE will be closed for one week holiday in coming week.

Major indexes weekly performance as in below.

Monthly performance for Sep.
HSI in 3rd week gain, STI in 2nd month consolidation, SSE in 6th month consolidation
Both DJI and SPX in 2nd month entrancement after hitting new high, whereas COMP in 3rd month gain, hit new high.

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