Index Weekly Wrap for the Week of Apr 26

Summary of content for the week of Apr 26:

1. Week 17 major indexes performance;
2. Week 17 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.

U.S
U.S stocks rallied to all-time new closing highs for SPX and COMP, fully recovered last year's selloff in less than six months, while DJI is just about 200 points below its all-time high. Corporate profits, signs of easing trade tensions have helped improve sentiment over last serval months. The latest update for U.S Q1 2019 GDP also came in better than expected. Coming week PMI and Fed interest rate on Thursday and corporate earning results will be in focus. 

Among 11 major SPX sectors, the Health Care(XLV) and Communication Services(XLC) are the top performers(refer to below weekly sector performance). and Energy(XLE) was lagging behind as crude oil prices lower after early-week increase.

China/HK
China stocks posted their biggest weekly loss since October 2018 amid fears that China would dial back policy support after its economy grew more than expected in Q1. China SSE index lost 5.64% for the week, hit 4-week low; HK HSI index also dropped 1.2% hitting 3-week low. 

Singapore
STI crept up higher despite China and HK's down, the index looks resilient. Immediate technical resistance at 3400 and downside support at 3283-3300 area.