Summary of Content for the Week of Nov 9:
1. Week 45 major index performance;
2. Week 45 SPY sector index performance;
3. Major index weekly charts of Support and Resistance levels.
US stocks closed up 2nd week in a row. Stocks continue to rebound after the mid-term election. Current momentum is obviously bullish. SPX next resistance is at 2815 level, which is this weekly high, expected to go up further if it broke above it.
In Asia, the three major indexes all closed down this week but all within previous weeks trading range. No clear direction to up or down at the current stage. Refer to major index weekly performance table below.
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