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Sunday, December 4, 2016

Weekly Wrap/Monthly Performance

In U.S, DJI closed new all time high this week but SPX and COMP both closed retraced down in profit taking. SPX and COMP lost 1% and 2.7% respectively whereas DJI gained 0.1%.

STI gained the most with 2.1% up, in catch-up other markets this week. It crossed 2882YEC level this week make YTD return positive again. Immediate resistance level is 2950 for upside move.

HSI still in retracement mode in uptrend channel, Shenzhen-Hongkong Stock Connect will kick start coming Monday. The SSE is in rebounding mode, profit taking for this week but overall still bullish.

 Major indexes monthly performance for Nov were positive except HSI in retracement mode.

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