Index Weekly Wrap for the Week of Mar 27

Summary of content for the week of Mar 27:

1. Week 13 major indexes performance;
2. Week 13 US sector indexes performance;
3. Major indexes weekly charts of support and resistance levels;

U.S
U.S stocks rebounded from 3-yr low, as the Fed and government passed aggressive unprecedented level of monetary and fiscal stimulus. A total amount of $2 trillion package to offset the fallout from the COVID-19 outbreak. It's still early to conclude that a bottom emerged at current stage as the number of infected cases still growing. As there are many factors and news headlines out there everyday, a single key technical factor to watch in coming week is whether the SPX and Nasdaq price level can hit new high. 

Crude oil price back down again to close at 21.84 per barrel on Friday, lowest level since Feb 2002-18 year low. Oil related stocks hit badly. For bargain buying, one can look at Exxon Mobil(#XOM) and Chevron(#CVX) which are two of the world top oil production players offer high dividend yield. XOM and CVX dividend yield at 9.42% and 7.5% respectively which will offer cushion for downside risk. Click(HERE) to read more.

China/HK
China was the first country to get by COVID-19 and is the first country to bring outbreak under control. However, SSE index recent performance also followed other markets turned weak, it's rebound was the least one with less than 1% as compare to DJI's 13% weekly rally. So far, China has not delivered on major financial relief, though some additional stimulus is expected.

Singapore
STI rebounded back up and closed at its previous 10-yr low 2528 level, as bargain buying on banks and other blue chips emerged after it hit new low this week. Will be positive sign if it can hold above or around this level.