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Sunday, October 20, 2019

Index Weekly Wrap for the Week of Oct 18

Summary of content for the week of Oct 18:

1. Week 42 major indexes performance;
2. Week 42 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S
U.S stocks moved a little higher for the week, U.S 3Q earning season kicked off last week with better-than-expected earnings but offset by ongoing global growth concerns. U.K parliament decided to ask for the EU for extention on vote-3rd time yesterday. The back and forth US-China trade negotiation has seen some "substantial progress" as said. 

within the S&P 500 sectors, Healthcare(XLV) outperformed, Technology(XLK) and Energy(XLE) underperformed. 

China/HK
Shanghai index recorded weekly loss of over 1% after China's 3Q GDP growth missed forecast, rose 6% in 3Q from a year earlier, marks the slowest growth pace since 1992. 

Singapore
STI gave back its earlier gain and closed flat for the week. Immediate technical support is from 3068-3100 area.









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