Index Weekly Wrap for the Week of Apr 5

Summary of content for the week of Apr 5:

1. Week 14 major indexes performance;
2. Week 14 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.

U.S 
SPX recorded 7th up in a row, DJI moving higher to within 2% of its all-time high hit in Sep 2018. U.S jobs reported better than expected numbers, easing fears of slowdown in the labour market, which is a positive sign to support stock markets. The much worrying U.S 10yr bond yield rose a bit over the week, the increase helped return the yield curve to an upward slope. 

SPX sector performance. Materials sector(XLB) performed best this week. The larger Financials sector(XLF) also outperformed. The typically defensive Utilities(XLU) and Consumer Staples(XLP) lagged. 

Asia
Shanghai SSE index ended at the highest level in over one year as Chinese stocks extend rally, in the shortened week in both Shanghai and Hongkong as they closed on Friday for a public holiday. China March PMI showed a return to expansion after more than 2 quarters of mild contraction, which is a positive sign to support for stocks. Chinese stocks are gaining more and more attraction to global investors. The new round of U.S-China high-level trade talks give hopes that the two countries to make a trade deal. 

Singapore
STI played catch-up this week, rallied 3.4%. Technically, it's approaching a pivotal level of 3340, which was a key support level before June 2018's breakdown and selloff thereafter. The index rebounded back near this level, it becomes a support-turn-resistance level.