Index Weekly Wrap for the Week of Nov 8

Summary of content for the week of Nov 8:

1. Week 45 major indexes performance;
2. Week 45 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S
U.S stocks closed up for 5th week in a row, breakout to fresh new high as optimism grew about U.S-China "phase one" trade deal. Long time bond yield increased to their highest in three months also drove markets. Recession fears seem to be diminishing despite conflicting signals. 

Financials(XLF) outperformed and defensive sectors such as Utilities(XLU) and Real Estate(XLRE) lagged. 

China/HK
SSE index edged up 0.2% this week, the index has been consolidating just under 3000 mark for months waiting for a breakout to upside. HSI index looks more bullish as its valuation currently one of most cheapest worldwide, should play a catch-up if HK protest eased. 

Singapore
STI closed 5th week up in a row, its immediate resistance is at its downtrend line resistance around 3320 level as shown in below weekly chart.