1. Week 43 major indexes performance;
2. Week 43 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
U.S stocks rose for 3rd straight week, close near record highs. Earning reports drive gains. Not much headlines on trade wars and geopolitics, more focus on corporate earning instead for the week. Notably, Gold ETF GLD and Crude oil gained ground and rebounded this week. Take a look at GLD daily chart, it's a bullish signal.
There are few important events that could drive markets in coming week. First, FOMC meeting announcement on Wednesday( 2am Thursday Oct 30 SG time), and three of the FANNG stocks earning reports coming week i.e. AAPL, FB and GOOGL.
China/HK
Shanghai stocks edged up this week, as a string of solid earnings reports and a large liquidity injection by the central bank boosted buying sentiment. Last week, China reported 6% GDP growth in 3Q which is below forecast and the lowest growth since 1992. HSI index closed edged down this week after 2-week up in a row.
Singapore
STI posted best weekly gain in four months. Next technical target level at 3216, which is Sep high, major support level 3068-3100.
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