Index Weekly Wrap for the Week of Oct 25

Summary of content for the week of Oct 25:

1. Week 43 major indexes performance;
2. Week 43 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S
U.S stocks rose for 3rd straight week, close near record highs. Earning reports drive gains. Not much headlines on trade wars and geopolitics, more focus on corporate earning instead for the week. Notably, Gold ETF GLD and Crude oil gained ground and rebounded this week. Take a look at GLD daily chart, it's a bullish signal.

There are few important events that could drive markets in coming week. First, FOMC meeting announcement on Wednesday( 2am Thursday Oct 30 SG time), and three of the FANNG stocks earning reports coming week i.e. AAPL, FB and GOOGL.

China/HK
Shanghai stocks edged up this week, as a string of solid earnings reports and a large liquidity injection by the central bank boosted buying sentiment. Last week, China reported 6% GDP growth in 3Q which is below forecast and the lowest growth since 1992. HSI index closed edged down this week after 2-week up in a row. 

Singapore
STI posted best weekly gain in four months. Next technical target level at 3216, which is Sep high, major support level 3068-3100.

Index Weekly Wrap for the Week of Oct 18

Summary of content for the week of Oct 18:

1. Week 42 major indexes performance;
2. Week 42 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S
U.S stocks moved a little higher for the week, U.S 3Q earning season kicked off last week with better-than-expected earnings but offset by ongoing global growth concerns. U.K parliament decided to ask for the EU for extention on vote-3rd time yesterday. The back and forth US-China trade negotiation has seen some "substantial progress" as said. 

within the S&P 500 sectors, Healthcare(XLV) outperformed, Technology(XLK) and Energy(XLE) underperformed. 

China/HK
Shanghai index recorded weekly loss of over 1% after China's 3Q GDP growth missed forecast, rose 6% in 3Q from a year earlier, marks the slowest growth pace since 1992. 

Singapore
STI gave back its earlier gain and closed flat for the week. Immediate technical support is from 3068-3100 area.

Index Weekly Wrap for the Week of Oct 11

Summary of content for the week of Oct 11:

1. Week 41 major indexes performance;
2. Week 41 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S

Stocks rallied on Friday as Trump announced US-China trade "Phase 1 Deal". Positive comments on the Brexit also added to the optimism. This incremental progress is encouraging, but additional phases of agreement will likely to more time. Thus trade issues will remain a source of volatility.

Within S&P 500, export-sensitive sectors such as Materials(XLB), Industrials(XLI) and Technology(XLK) got boosted. Utilities(XLU) lagged as rising interest bond yield made their relatively high dividends less attractive.

Technical perspective, SPX and DJI closed 1st week up after three-week down in a row, and Nasdaq(COMP) closed for 2nd week up. The long tails left on their weekly charts for past two weeks signaled increased market volatility.

China/Hong Kong
China and HK markets both made decisively rebound this week, ended three-week decline streak. Hongkong's protest still ongoing and seems will not end anytime soon. But the downside will be limited as valuation very cheap and attractive.

Singapore
STI also posted first week reobund after three-week down. Immediate support 3068-3100 level.

Index Weekly Wrap for the Week of Oct 4

Summary of content for the week of Oct 4:

1. Week 40 major indexes performance;
2. Week 40 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S
Most U.S stocks down for 3rd week in a row, for SPX and DJI index but strength in Apple(AAPL) and other technology stocks supported the Nasdaq index(COMP) to ended modestly higher for the week after 2-wk down.

U.S PMI in Sep contracted for 2nd month in a row, Services index also decline but remained in expansionary territory. But jobs report released on Friday shows that labor market remains positive for consumers and the economy. Manufacturing is only accounted about 10% of GDP and 9% of jobs created, a small segment but its signal value is high as its performance is closely correlated with the economy. Expected higher volatility in markets due to economic and geopolitical risks, and the coming US-China trade talks.

As seen from below weekly performance table for US sectors, technology(XLK) was the best and Energy(XLE) was the lagger, as growth worries push oil prices back to their lowest level since early Aug.

China/HK
Mainland China stock markets will resume trading on Oct 8, Tuesday after Gold Week holiday from Oct 1-7. U.S-China trade talks scheduled on Oct 10-11 should continue dominate headlines. U.S planned tariff hike on $250b in Chines goods from 25% to 30% will be effective on Oct 15, originally set for Oct 1 but Trump agreed to delay due to China's National Day holiday.

HSI is in 3rd week decline in a row, hit one-month low as growing anti-government protests hurting the financial center's economy hard. Technical support for HSI is around 24900-25000 level.

Singapore
STI also dropped 3rd week in a row to its one-month low, technical support will be at 3040-3068 level. Refer to below weekly charts.