Index Weekly Wrap for the Week of Feb 22

Summary of content for the week of Feb 22:

1. Week 8 major indexes performance;
2. Week 8 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.

US stocks finished higher for the 4th week in a row, markets were guided by very familiar issues for the week, i.e. U.S.- China trade negotiations, Fed policy and released mixed of economic data. The SPX had a very nice "V shape" rebound since its bottom in December, markets have since never looked back again- no any meaningful retracements till what's now--reaching the top at 2815 level where it started to fall before December bottom. 

Major Asia markets had outperforming for the week, Shanghai SSE index gained the most with 4.5% up following by Hong Kong's HSI 3.3%, it's reported more foreign funds flowing into China A shares decisively.

 Among U.S. 11 sectors, Utilities(XLU) was the top gainer with 2.4% up, breakout new high this week. Energy(XLE) was the least performer with 0.5% down.

Singapore STI hit new high this week since Aug 2018. Next major technical resistance at 3340, and major support at 3195 level. Major indexes weekly chart as shown below.