Index Weekly Wrap for the Week of Nov 30

Summary of Content for the Week of Nov 30:

1. Week 48 major index performance;
2. Week 48 SPY sector index performance;
3. Major index weekly charts of Support and Resistance levels.

US stocks rebounded this week just ahead of 2018 G20 leaders summit on Friday and Saturday. The three major US indexes added 4.8% to 5.6% for the week, DJI and SPX both closed positive YTD return after dipped to the negative previous week. The Nasdaq index gained 5.6% this week after it was wiped off almost all YTD gain the previous week. 

Among SPY 11 sectors, Health care(XLV) and Technology(XLK) sectors are the two top perform sectors with 6.95% and 6.02% gain respectively. 

In Asia, HSI and STI both rebounded to above their key support levels--50% fib from 2016 to 2018 low to high, 50% Fibonacci level for HSI at 25881 and 3085 for STI, which are bullish signs. SSE index relatively weak still in its 7-week bottom consolidation range. Refer to below index weekly performance and charts.