1. Week 51 major indexes performance;
2. Week 51 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
U.S stocks are set to finish the year strong, with SPX, DJI and Nasdaq all at their record new highs. This year will be a remarkable year despite all the political and trade issues, Nasdaq YTD return at 34.5%, SPX and DJI are 28.5% and 22% respectively. Positive economic and corporate earning results has been the driving force behind this year's sizable gains.
As a comparison, Asia markets are under performed this year. YTD, HSI and STI only recorded single digit return. China Shanghai Composite Index recorded 20.5%; Shengzhen Index recorded 41.3%, Malaysia KLCI was under water 4.8%.
Among SPY sectors, Communication Services(XLC) outperformed, Industrials(XLI) lagged.
China/HK
China Shanghai index rose for the 3rd straight week, as phase one trade deal with U.S keep market in buoyant mood. Immediate major technical resistance at 3050 level for SSE, HSI still have upside room for rebound, to above 28000 level.
Singapore
STI has been in 3-week sideway consolidation with bullish bias. Major technical resistance at 3300 level.
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