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Saturday, June 24, 2017

Weekly Wrap for the Week of 23 Jun, 2017

US stocks ended the week inched up bit, the DJI and SPX stayed almost flat but technology dominated Nasdaq(COMP) rebounded 1.8% after two weeks profit taking. The Technology stocks index look in great shape.

Over in Singapore, STI was the only index that closed in red this week, lost 0.7% to immediate key support level at 3200, could trigger further selloff if the support level 3200 violated.

Shanghai SSE index rebounded from its key support level 3100 this week, as MSCI announced on Wednesday that it will include 222 China domestic A Shares into its Emerging market index next year 2018. We need to see the index to above 3300 level for uptrending. On the other hand, HSI has been in two weeks consolidation previous strong upside move.








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