Best wishes on coming Christmas, it is a maximum of peace and joy.

But first, let's take care of business and examine our charts.

Also a reminder - the market will have a shortened session on Wed, Dec 24th, half day and full day on 25th Dec 2014.

Straits Times Index closed at 3,279.53 points, down 44.6 for the week. Last week, STI had a plunge of 109 points.

We saw that STI went down to 3,200 points but managed to recover to 63.6 points.

In my Christmas gathering(13th Dec), I have mentioned that STI has shown bearish divergence and short sell those STI heavy weight counter (UOB, DBS, OCBC & Singtel).

I hope the readers did it.

With weekly MACD histogram ticking down and impulse is red.

I do not try to be a genius; do not try to see the unforeseeable; trade short-term and grab profits quickly if I am making a trade for this week.

In summary - trade short-term and grab profits quickly.

Best wishes,

Divergence Trader

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