Summary of content for the week of Nov 15:
1. Week 46 major indexes performance;
2. Week 46 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
U.S stocks closed another record high for 6th straight week-- the longest streak in two years. While investors continued to await details on the progress of U.S- China trade negotiation. The "fear index"VIX dropped to lowest level of the year.
Within SPY sectors index, Health care(XLV) outperformed, Energy(XLE) trailed weighted down by a decline in Exxon Mobil. High valuation growth stocks gernerally outperformed slower-growing value stocks.
China/HK
China SSE index recorded a weekly loss of 2.5%--largest weekly loss since Sep, as weaker than expected economic indicators. disappointed data i.e. industrial output, retail sales, and fixed-asset investment grew much less than forecast in Oct. HK's HSI index was the worst performer with 4.8% loss for the week( refer to below weekly indexes performance table), as HK protest worsen off. and HK's GDP hit the worst since 2009 during the global financial crisis.
Singapore
STI recorded first week down after 5-week straight up.Immediate technical support at 3260 and support level at 3220 level.
For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.
The Secret Recipe: Trading Success = Winning Trading System - U
The Secret Recipe: Trading Success = Winning Trading System - U
Sunday, November 17, 2019
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