The Week Ahead March 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
12th March, 2023, 10:54 PM

It was a disappointing week with Fed’s powell coming up with a hawkish tone that interest rate might continue to go up higher and longer. That sent the markets diving and to add salt to the wound, silicon valley bank (SVB) collapsed over a few days and many are concern over the ripple effect that it might have. Crypto bank silvergate also announced liquidation which added to the chaos. Overall, it has been a tough week ever since Fed’s statement.

Core CPI data another important data which market will be looking closely at to see if Fed will really raise interest rates by 0.5% in the next meeting. Expectations are rising for a 0.5% rise as inflation data is starting to point on an upside.

The Greed and Fear index is returning to extreme fear and we could see a rebound coming soon but with the rebound it will probably attractive shortist and people who needs to cut loss, hence any rebound will be met with resistance.

STI

STI continues to trend down as banks lead the downfall. As Fed continues to pressure the markets and with the fallout of SVB, our local banks also took a hit. We might see STI fall to the next support level of 3150 before planning our next move. Currently the downtrend line is also acting as a resistance. Waiting for a base to be formed first.

HSI

We can’t get the chart for the HSI out but after Fed’s meeting last week, we do see HSI following US with the selloff and with negative sentiments around we could still see HSI selling off a little more. Once again the sentiments has shifted and until we know how bad the fallout for the SVB is and how the CPI data next week is, any rebound will be met with short sellers. We did have some long positions when HSI pulled back and are we going to sell these? No! But we’re not adding more as yet till we see markets stablize a little more. No hurry for now.

As market is in a turmoil, head over to our Facebook for more updates on the US markets.

Stay safe and its the school holidays this week!

Yours

Humbly

Kelwin & Roy

 

 

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The Week Ahead March 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , ,
5th March, 2023, 2:58 PM

As per last week’s update, we mentioned that markets were due for a rebound after coming down so much. The S&P500 touched the 200ma and the 38% Fibo retracement level which gave support for a rebound! What to look out for this week? Fed Chair testifies this week, once again market will look to what he has to say and if there is a chance of less aggressive interest rate hike and less hawkish statements. This could then give rise to another leg up.

Another to note, towards the end of the week, the usual NFP and IJC will also take spotlight as to how inflation might be.

And lastly, China’s “Two Sessions” is an annual parliamentary meeting that gathers delegates from across China to discuss and approve national priorities. China is also set to release its annual targets for GDP growth, inflation and employment. The meeting could last about 2 weeks. What’s interesting is that China tends to gain after the NPC meeting. Are you positioned for that?

 

HSI

 

HSI came to our near term support and bounced off and even broke through the downtrend line which has been resisting it. Volume came in as short sellers looked to cover while long traders took the chance to build their positions. As we been advocating, take the downside for the HSI to add in your long term positions. With this break, we might see the index trend higher in the coming weeks. The hang seng index could still do a re-test of the lower band of 20,110 and then start to move up towards 21,353. Hope you have added some long term positions! Baidu, Tencent is leading the charge!

Watch out for the NPC meeting that is currently taking place too. It could give clues to which sector to be focusing on.

STI

STI was the only index that didn’t rebound, but we could be looking at some rebound this week as banks are also nearing their support. The immediate support for STI is at 3220 then 3181. We’re looking more for a rebound rather than shorting now. As banks make a big part of the STI, a move upwards could see it pull the STI up.

Its a big week ahead and things are looking up! Head over to our Facebook to read up more on the S&P500 and Nasdaq100. You don’t want to miss this.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , ,
26th February, 2023, 9:34 PM

As expected, we continue to see selling across global markets BUT with this pullback, its giving rise to some opportunity to enter the market.

Inflation data last week started to creep up and it spooked the markets with some selling. Some data coming out this week like initial jobless claim and Fed’s Waller will be speaking. Though not a very key speaker, but market will be listening in to see what the Fed’s stand is in the coming months. As market has seen selling for the past few weeks, we might see some rebounding coming in this week.

HSI

HSI has corrected about 12% since the high in Jan. A correction can be anywhere from 10-20% so don’t be surprised if we see further downside. BUT with such downside comes an opportunity to get back into the HK market especially investors missed out on the huge run in since Nov. The Spy balloon was the first cause that started this correction but at the same time could be a distraction The HSI might see a little more downside to around 19500 level before we see a rebound. This might not represent the bottom as yet and we’ll have to wait and see for it to be tested to ensure that’s the bottom. A rebound could take us back to 20k mark.  Eyeing Baidu, Tencent, Alibaba and a few others during this pullback.

STI

STI also came off to the level we anticipated with 3270 being a critical support. The main reason is that the banks have been experiencing selling after their results causing our STI to move down. We might see some rebound in the coming week but a better place to scale in might be at around 3220. There is a gap support over there and if it really doesn’t hold then 3180 could be the lower level we should see. Don’t miss this opportunity.

To know more about the levels to look out for in the S&P500 and Nasdaq100 do head over to our facebook for more details.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
19th February, 2023, 8:00 AM

Markets played out towards our downside bias view as concerns about China’s spy balloon, inflation numbers all led to market coming off for the week. Adding to the pressure, the 10 year treasury yield is starting to bounce up.

If the 10 year breaks out of the 3.9% we might see markets, especially the Nasdaq pulling back even more. Overall, we might continue to see markets pulling back more in the coming week. So head over to our Facebook to know more about the levels.

STI

Straits Times Index 18th Feb 2023

STI has also come down to our expected support level at 3271 which we mentioned last week. Ever since hitting that, we saw some bounce but this bounce could be short lived to around 3336 before we see if come back down. Banks continue to lead the direction as we saw DBS leading the initial gains before profit taking set in after its results. UOB, OCBC will be reporting their results this week on 23rd and 24th Feb respectively. We could see another sell down as traders who bought before results might sell after results are released .

HSI

Hang Seng Index 18th Feb 2023

HSI also saw a pullback which we are excited about as this gives us an opportunity to continue to build our position in the Hang Seng. The HSI has pull backed about 8% from its high and we have gone in one batch for our investors. HSI might continue to pullback to close to 20K level which will present any opportunity. The Downtrend resistance line is currently blocking the index from moving higher and once we get a break of that, then we might see the uptrend resuming. Tencent which has been leading the charge for the index has for the first time see it close below the 20ema! This could signal more downside for the markets!

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
12th February, 2023, 6:47 PM

Fed made their statement last week and market had an initial reaction to the upside then started to retrace. The S&P500 also couldn’t break our 4200 and the greed and fear index was at extreme greed retracing slightly to the greed level. With the resistance hit, don’t forget to check out our facebook page to know more about our view with regards to the S&P500 and Nasdaq 100.

In addition, China’s weather balloon is causing some stir between the two world power. After shooting down the supposedly weather balloon, US has moved on to blacklist six entities linked to the weather balloon incident. How will this play out? As more information is gathered and if US continues to investigate this incident, more could be uncovered and if negative actions were to come, markets could have a  knee jerk reaction. Its important to see what further action US might take and will this be the end of the search. BUT any pullback to a good support level would be a good chance to continue to scale into the market.

Lastly, AI or artificial intelligent is causing a lot of hype in the market and the shares which we shared during our market outlook are seeing a good movement up. Will be sharing more stocks that we can look at with regards to this big theme! Look out for it!

STI

Straits Times Index 12th Feb 2023

STI has pushed lower to our 3336 target before having some rebound. For this week, STI will follow closely to the three major banks results with DBS kick starting tomorrow before market opens. With the results, that could set the tone for the STI to follow and we would watch it first before making any moves. Significant support at 3271. Upside resistance at 3392.

HSI

HSI also facing a pullback after its uptrend support and the next support would be around 20624. Would take the chance to scale in for the longer run as this pullback does present a good opportunity for those who missed out on the massive rally. HSI at 20k would be another area to consider scaling in. China/HK would also be looking to how US continue to respond in the latest weather balloon shooting. So keeping a close eye on that.

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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BYD Electric (0285.HK) – Be Cautious Ahead, Tipping Point

Kelwin & Roy BYD electric ,
8th February, 2023, 9:06 PM

BYD Electric (0285.HK) – Be Cautious Ahead, Tipping Point BYD Electric 8th Feb 2023

Poemsview: 8th Feb 2023

BYD electric (285.hK) listed on the Hong Kong stock exchange as we can see from the chart looks like its tipping over. It is currently at the 20ema, uptrend support and horizontal support level. A break of these confluence of support might see some selling in this counter. Our first downside target is $HKD24.65.

It was reached a mini double top and failed to break it which might suggest more downside to come. Furthermore if the HSI remains weak, we might really see this pullback. The upside resistance is at 28.98, breaking above this might resume its uptrend.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , , , ,
5th February, 2023, 4:06 PM

As we say goodbye to Jan 2023, is this year turning out to be more promising than last year? Stocks have had a stellar start to 2023 and S&P500 is up 6.2% A solid Jan could be a good sign for the market and potentially foreshadow a continued uptick in the months that follow. Of the five instance in which the S&P gained more than 5% in Jan after a negative year, the benchmark index rose 30% for the year on average according to Carson Group’s Ryan Detrick.

 

So are you bullish or bearish this year? and just sharing a slide from our webinar just last week on what happens after a negative.

So with that combined, we’re quietly bullish for this year and with pullback presenting opportunities if you missed out on the recent rally.

For this week, markets will be looking to Fed’s chairman Powell speech and with the blowout jobs report on Friday, this could put a dampen on whether Fed will pivot sooner rather later. Also, watch how the market reacts! IF Powell remains hawkish with a tough stance on interest rates and market still rallies, then this might signal that market has looked past all these interest rate narrative.

China-US tension is also rising with the Air Balloon being shot down over the weekend. Watch for more development as any retaliation on both side might cause a temp knee jerk reaction.

STI

STI was consolidating for the week after reaching our resistance. As negative sentiment might flow from US closing plus Fed’s upcoming statement we might see STI opening lower and pushing down lower for the week. Immediate support at 3372 then 3336 then 3302. Quite a few blue chips in the STI has moved up so pullback now is expected.

HSI

HSI seeing some pullback for the week as we all hoped for! It has come down to our first level of support which is that uptrend line and the 20ema. It present an opportunity for a small entry especially for those who missed out on the recent sharp rally. A further pullback to 20624 would present an even better entry so don’t miss out!  Big tech stocks are also on the radar, Baidu, Tencent, Alibaba are just a few to name.

S&P500 has reached very close to 4200 and seeing some pullback. Head over to our Feacbook page to check out our updates on the S&P500 and Nasdaq.

Yours

Humbly

Kelwin& Roy

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The Week Ahead Jan 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
29th January, 2023, 8:00 PM

Yup! Its that time of the week! Fed will be meeting once again to decide rate hike and markets are generally expecting Fed to hike 0.25% for this round. What’s more important is to see Fed’s statement and if they will stop rate hike sooner than expected OR have a total demand destruction. It might get a little tricky from here as China opening up might cause some inflation pressure which in turn might have Fed increasing rates longer than expected. BUT so long as you are clear of your investing/ trading style, you should be able to navigate through this fine. For long term as always, dollar cost average at key support and after key events. For traders, be discipline and not trade through MAJOR EVENTs like this. S&P500 has come close to our upside resistance of 4100 and as trader with such an upcoming event, we would advise to take some profits off the table. DON’T BE A HERO! SAVE YOUR AMMO and live to fight another day.

BIG Tech companies will also be reporting next week. Meta, Apple, Amazon, Alphabet are all reporting next week.

STI

We didn’t update last week as we were celebrating Chinese New Year and took the chance to have an extended break with the family. We did have an interview with Zao Bao and shared the upside target for STI for the week at around 3386. It has since then hit our target and currently at the resistance. On target for our 3450 mark BUT do take note of the upcoming Fed meeting, always good to take some profits off the table first.

HSI

Everyone’s getting excited about China/HSI as we read about more and more brokerages upgrading HK! It has been a crazy ride ever since China reopen and for the month of Jan we have only seen 4 red days for HK! When the beast awakes, BEWARE! It looks like HSI might be testing 23400 and like most, we’re hoping for a pullback so more can join in the ride. For long term investors, scaling in a small batch at current price could also be one strategy and then wait for the pullback before making another move.

As we go into a crucial week, you don’t want to miss our take on S&P500 and Nasdaq 100.

So head over to our Facbook page for a read

Yours

Humbly

Kelwin& Roy

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January Is Coming To An End, How Have You Fared So Far?

Kelwin & Roy Stock Market ,
27th January, 2023, 4:36 PM

We got another 2 more days till the end of Jan and as we wrap up the first month of 2023 it is also good to ask yourselves how have we done so far? Still struggling to find a footing in the markets? Unclear about where to invest or should we even invest in 2023?

Then good news, we’re here to shed some light and be a guide.

If you have been following us for some time, you would have known that we were bullish on HK/China for the past year and with China opening up, the markets have gone mad! Is there still room for upside? Is it too late to get in or has the engine only started? Are we still bullish on HK/China?

Will the world economy go into a recession or will we be able to avoid it with China opening up? Will the US crash again?

Many questions might be on an investor’s mind and we’ll take time to answer all these in our upcoming webinar next Tuesday.

So if you want to stay ahead of the markets, get some insights on the markets and see where you could possibly grow your funds then this webinar if for you!

Date: 31st Jan ( Tuesday)

Time: 8-9:30pm

Link to register

https://us02web.zoom.us/meeting/register/tZEpceiupzspG9eVbgEw0Wa9EWgBSvQzehvK

See you there!

Yours Humbly

Kelwin & roy

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The Week Ahead Jan 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
15th January, 2023, 9:58 PM

Another good week for the markets as CPI came in line and markets generally took it well. US and HK markets ended up for the week while our STI covered the gap as mentioned before having some pullback. Reporting season has started in the US with major banks kicking it off. More companies will be reporting and markets will look at major tech, banks to gauge the strength of the economy.  Very exciting developments in the US as S&P500 closes above the 200ema!

Do take a look at the earnings calendar https://www.investing.com/earnings-calendar/ to ensure when your favourite companies will be reporting.

Its a week before Chinese New Year so we might see markets slowing down especially HK/China as they will be going for a longer break after this.

STI

Straits Times Index

As shared last week, STI has hit our upside resistance of 3336 covering the gap and pulling back after. STI might go for a re-test of that resistance level. Our STI so far is in a wider sideway consolidation after a good run last year. And only with breaking of 3336 then we might see STI moving towards the 3450 mark. Watch for the re-test first.

HSI

HSI pulled back to the 5ema and went back up as expected! For such a powerful uptrend which we mentioned, the 5ema will be the first support and guide. So far, the HSI hasn’t closed below the 5ema which indicates the strength of the index. We might see HSI testing the 22106 upside resistance in the coming week before any pulback! What a crazy ride for the HSI!

You don’t want to miss our take on S&P500 and Nasdaq 100.

So head over to our Facbook page for a read

Yours

Humbly

Kelwin& Roy

 

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