Index Weekly Wrap for the Week of Apr 3

Summary of content for the week of  Apr 3:

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
U.S stocks closed lower for the week amid soft economic data and worsening of corona virus situation. Crude oil surged 32% to closed at 29, after hitting new low in decades to 19.27 early of the week. Oil related stocks such as the two #XOM and #CVX that mentioned in previous weekly post continue their rebound for 2nd week. 

Technically for SPX, given pile of negative news headlines and weak economic data, stocks dropped a little and hold in balance for the week, when what should happen doesn't. The market should be already factored in all the negative news and waiting for new developments. 

There are few cruise lines to in my watch list to focus for trading, without consideration of their fundamentals..that said..whether or not they will file bankruptcy. They are: #CCL, #RCL and #NCLH, three top operators in the sector. 

Among the 11 major SPX sectors, Energy(XLE) outperformed with 5.29%, Utility(XLU) and Financials(XLF) lagged with over 6% losses. Refer to below weekly performance table for details. 

China/HK
China and HK stocks had little change this week. China PMI reported a bounce to above 50 expansion mark in March as expected. And China's firms are reported 98.6% had resumed operations according to Xinhua news. 

Singapore
STI had its worst performance for the week as compare to its peers ,with 5.52% down. As it announced further social-distance measures and closing school and shops amid increasing local infection cases. Local banks and REITs took hit, such as MapletreeCom which owns VivoCity Mall, CapitaCom Reits and Capitamall Trust sold off hard. Continue watch technical resistance at 2532 and downside support at 2208 in coming week(s).