Index Weekly Wrap for the Week of May 3

Summary of content for the week of May 3:

1. Week 18 major indexes performance;
2. Week 18 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels.

U.S
U.S three major indexes finished flat to up slightly after a volatile week, plenty of corporate earnings and economic data weighted in the markets. The most-watched US Non-Farm Employment change data released on Friday shows 263k jobs added in Apr, which was higher than expected, this immediately pushed stocks rallied higher and DJI was up by 197 pts-recovered most of its loss early in the week. 

Among 11 major SPX sectors, the Health Care(XLV) and Energy(XLE) lagged as oil prices fell in response to data showing increasing U.S production. Health Care(XLV) and Technology(XLK) are the two sectors are two top pick sectors by analysts. 

China/HK
Mainland China markets were closed from Wed to Fri for the Labor Day holiday, the SSE index edged slightly down after more than 5% loss the prior week. But HK market closed very strong, recovered all loss in prior week and closed above 30000 mark again. 

Singapore
STI added 1.1% this week, lifted up by the three banks. 8th week up in a row, immediate technical resistance at 3450 level.