1. Week 49 major indexes performance;
2. Week 49 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
U.S stocks were up sharply on Friday- DJI rallied 1.22%, almost fully recovered the 2days loss earlier in the week. SPX had fully recovered its loss and closed with weekly gain, what a "V" shape rebound! The rally came after a strong jobs report that showed U.S economy added 266k new jobs in November, as compared to just 128k in October. Beat estimated. Low unemployment and rising wages could support hopes that consumer spending(which accounts 68% of the GDP) is strong enough to prevent weak manufacturing from spreading to the broader economy. On the technically side, the "V" shape rebound in such as short time frame usually indicate market could be continue going higher.
Among the 11 SPY sectors, Energy(XLE) and Consumer Staple(XLP) outperform, Industrials(XLI) lagged.
China/HK
Both Shanghai(SSE) and HSI index ended the week on strong note. SSE index recorded 1st wk rebound after 3-wk down in a row, HSI also rebounded from its major technical support level around 26000.
Singapore
STI closed first wk up after 3-wk consecutively down. Technically, it has formed a weekly long-legged hammer candlestick which is a very bullish sign.
No comments:
Post a Comment