Summary of Content for the Week of Nov 16:
1. Week 46 major index performance;
2. Week 46 SPY sector index performance;
3. Major index weekly charts of Support and Resistance levels.
US three major indexes dropped but all trading within their previous week range. No clear direction as all under consolidation. Out of 11 SPY sectors, 3 sectors closed positive and 8 sectors closed down. Consumer Discretionary sector was the worst sector with 3.32% down.
In Asia, China SSE index looks setting up a bottom just above 2600 level. As more and more foreign funds overweight on Chinese stocks. HSI and STI also closed positive this week but still within their previous week's trading range.
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