1. Week 48 major indexes performance;
2. Week 48 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;
U.S
U.S stock market hit another all-time high for the week, as growing optimism about "phase 1" trade deal between China and U.S helped in the holiday shortened week. The U.S market now enters into holiday shopping seasons as Christmas just around the corner after Black Friday. Historically, December recorded as one of the highest monthly return. The chart below shows the monthly average returns for the SPX over period 1928 through 2017:
Among SPX sectors, Technology(XLK) and Consumer discretionary(XLY) shares outperformed this week, Energy(XLE) sector lagged.
China/HK
China stocks fell for the 3rd straight week as Trump's signing of a bill supporting the HK protesters drew displeasure from Beijing and complicated bilateral trade talks between the two countries.
Singapore
STI recorded 3rd week straight down immediate technical support at 3190 then 3167 YEC level.
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