1. Week 16 major indexes performance;
2. Week 16 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.
U.S
The major indexes closed mixed for the holiday-shortened week. The SPX is essentially back to its peak of last September, sitting just slightly more than 0.5% from its all-time high. Volatility index VIX hit 8-month low this week, markets are relatively quiet ahead of long weekends.
SPX sector performance. U.S health care sector(XLV) was the weakest one among major 11 sectors, as investors worried about possible policy headwinds. Industrials(XLI) outperformed, helped by better-than-expected earnings reports from Union Pacific and Honeywell on Friday.
China/HK
China's GDP grew more than expected in 1Q, rose 6.4% from Jan to Mar. Shanghai index rebounded to previous high, after profit-taking last week. HSI index closed flat ahead of long holidays- HK exchange closed on Friday and Monday, and resume trading on Tuesday.
Singapore
STI edged higher this week, recorded 6-week up in a row. Continue watch major technical resistance at 3340-3350 area, downside gap support at 3280-3300 area.
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