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Sunday, January 22, 2017

Weekly Wrap

US stocks rebounded on president Donald Trump's inauguration day. DJI ended its 5 days decline and gained nearly 100 points on Friday. US stocks uptrending well intact so far. All markets closed lost a little bit on this week, except Shanghai index(SSE) which closed 0.3% gain.

STI chart looks bullish, might be profit taking in coming week but bulls are obviously in charge.

Hang Seng (HSI) chart bullish bias as well. Please refer to below weekly charts for major indexes.

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