1. Week 4 major indexes performance;
2. Week 4 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.
US stocks stalled this week, after 4 weeks up in a row, it looks like the bulls are running out of steam or just a pause for further upside. This coming week is very IMPORTANT to monitor, many companies will report earnings, it's a data-heavy week. It will be decided the trend will continue going up or turned down--which indicates the round of rebound is over.
Among the 11 major sectors in the SPX, Real Estate(XLRE) was the top performer this week with 1.44% gain, and Energy(XLE) is the least performer with 1.43% loss. Refer to sector indexes performance in below table.
Notably, HSI index was very bullish for the week, broke out and hit its 3-month new high. It's weekly candles look bullish. On the other hand, STI index ended with 1st week down by profit-taking, after 4 weeks up in a row. But it still holding above 3200 support level so far.
No comments:
Post a Comment