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Sunday, November 6, 2016

Weekly Wrap

Last weekend before the US presidency election, US stocks sold off this week. Asian stocks followed, except one market which is China, seems unaffected at all. US three major indexes broke down their key support level this week respectively. As seen in below charts.

STI closed below 2800 key support level, close at the edge of multi-months low. HSI retraced down further into its uptrend channel, closer to its bottom line now.

Major indexes weekly performance as in below table.

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