Index Weekly Wrap for the Week of Nov 17

For the week of Nov 17, major indexes closed mixed. In the US, tech heavy index COMP hit fresh new high, but SPX and DJI close in red for 2nd week. SPX retraced after hitting its major upper channel line(resistance). All three index uptrend well intact.

HSI index hit fresh new high this week, thanks to Tencent's(700.HK) good than expected result.

Both STI and SSE indexes lost more than 1% this week to 1.1% and 1.5% respectively. Both indexes are at same number 3382 level coincidentally.

Major indexes weekly performance as follows.