Index Weekly Wrap for the Week of Feb 8

Summary of content for the week of Feb 8:

1. Week 6 major indexes performance;
2. Week 6 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.

US stocks finished flat after 6 weeks up in a row, market concerned about a slowdown in global growth and a U.S. China trade deal leading to some profit-taking action. The SPX gained 0.1% this week. Nasdaq gained 0.5% and DJI gained 0.2%. 

In Asia, major indexes finished flat as well, it's a shortened week as many are in CNY holiday. HSI index closed just below 28000 level, it added 3000 points in 6 weeks time from 25000 level without any retracement. Shanghai was closed for CNY holiday for the whole week. 

STI was added 0.4% this week, within previous week's trading range. Expected more upside if it can stay above 3200 level. 

 As for the SPX sectors, Utilities(XLU) was the best performer this week with 2.07% gain, and Energy(XLE) was the worst with 3.01% loss, crude oil was down on worries of economic growth slowing down. Eurozone cut its growth to 1.3%from 1.9% in 2019.

Major indexes weekly charts as follows.