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

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]

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

8th January, 2023, 9:31 PM

A very good day to all! And happy new year to our readers. The week ended up and this is an interesting read with regards to an UP week for the start of the year which we might see an up month and even an up year. DO take it with a pinch of salt.

https://www.forbes.com/sites/simonmoore/2023/01/03/how-to-assess-the-stock-market-january-effect-and-january-barometer-for-2023/?sh=63dfa1e4de62

Markets ended up despite the job data coming slightly above expectation and wages grew slower than expected. Markets were hopefully that Fed might change their stance with inflation numbers starting to tame off. This is a good sign as it can be seen that bad news is being absorbed. So in the near term, we might see more upside.

Greed and Fear index by cnn is also showing around netural.

HSI

You can just sense the excitement and the bullishness from our post! With Hong Kong/China opening up fully, this sets the tone for further rally and with every pullback comes an opportunity to enter . For a strong uptrend, first support would be at the 5ema (20600) then the 10ema of around 20500 and near the uptrend line. Ideal case would be 20k and that’s why bargain hunters would be out! Maintain bullishness in HK.

STI

Our dear STI actually outperformed the markets ending 2022 UP 5% while major markets like HSI and S&P500 all down over 20%.

So what will happen to our STI next week? With a positive close on Wall Street, we might see it move higher to cover the potential gap last May which could take us to around 3340! It is currently at the 5ema support and our banks are showing some bullish momentum which could help push the STI up.

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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The Week Ahead Dec 2022 – [STI, HSI, NASDAQ & S&P]

11th December, 2022, 2:56 PM

Wholesale data disappointed the markets with data coming in at 0.1% higher than expected. Markets reacted and started selling. It tried to recover during the day but still ended down after a good fight.

With two key data to look out for, markets this week might be slighted muted as it awaits the data.

Two key data are CPI (Consumer price index) on Tuesday, If this comes out higher than expected, we might see more sell down as hopes for a smaller rate hike on Wednesday might be diminished.

And on Wednesday, Fed will decide if it will do a 0.5% or 0.75% rate hike if it goes with a 0.5% hike, market should move up for a year end rally. Markets will also look for clues if Fed will start pivoting and start slowing rate hike to even 0.25% for the next round of meeting. This could also help add fuel to the recent rally. Key resistance for S&P500is around 4080 and a break above that could see S&P500 move up to 4250.

STI

Bingo! STI came down to our downside target of 3224 as mentioned last week.

Overall ,our straits times index is trading in a side ways movement with the immediate support being at 3222 while the upper resistance is at 3303. If we break the support of 3222, we might see further downside to 3177. With two key data to look out for, markets this week might be slighted muted as it awaits the data. With the negative close on Wall Street, we might see a negative opening first then fight her way through the day. As big data is coming out this week, we prefer to go lighter for the week before re-entering as it could shape the week after that.

HSI

The Hang Seng Index is on steroids! After a slight pullback it continues to march on towards our 20k target! We could see it tip over the 20k before any retracement as traders and investors who fear missing out continue to buy in on any dips. We would prefer some pullback now as the 20k could act as  a psychological level. Although we’re still far from the top, we do hear clients telling us aiya, miss already! We still feel there is good opportunity in the China/ Hong Kong market and we’re just getting started only!

As usual, if you need to talk, we’re here, just a message away.

To know more about S&P500 & Nasdaq do head over to our facebook page to have a read.

Yours

Humbly

Kelwin& Roy

 

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The Week Ahead Dec 2022 – [STI, HSI, NASDAQ & S&P]

4th December, 2022, 3:52 PM

The Fed delivered some good news last week as it hinted that they could start slowing down rates even as early in December which saw the US markets SURGED as traders started piling in positions while shortist were forced to cover their short positions. Profit taking could be seen after that as such part of healthy movement . For the week ahead, markets will continue to look for data to support its run and with Fed’s meeting coming up the week after, market will probably remain sideways for the week.

STI

STI retraced very close to the 20ema and then saw a rebound from there. For now, the Straits Times Index is showing resistance at the 3308 area and its about the third time that it’s testing this resistance. We’re expecting to see more downside for the week as STI as it closed below the 5 and 10ema. Once again, first downside we’re looking at is around 3234 area which is the 20ema. DBS closed below its 20ema again and is sitting at the uptrend support line. If that breaks, more downside will come which will bring the index down too.

HSI

We saw the Hang Seng Index pulling back to our target of around 16741 AND China govt called for a press conference urging the elderly to go for their booster. Also, China continues to ease a little with regards to their Covid measure allowing low risk Covid patients to recover from home.

With that, as we saw the market turning up that’s when we alerted all our clients of this change in directions so that they can take the appropriate action! Now that HSI has come to our resistance, a pullback once again is healthy but this time to the 10ema first before we decide on our next move. Hong Kong/ China has been on a aggressive march up and if you’re missing out on this historical recovery then we hope we’re able to help with you it!

As usual, if you need to talk, we’re here, just a message away.

To know more about S&P500 & Nasdaq do head over to our facebook page to have a read.

Yours

Humbly

Kelwin& Roy

 

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The Week Ahead Nov 2022 – [STI, HSI, NASDAQ & S&P]

27th November, 2022, 4:14 PM

It was a mixed week as Asia markets saw some pullback while US markets had some upside. The usual Jobless claim, Nonfarm payroll would be watched as the next Fed meeting in December draws near. If data starts to suggest that employment is slowing and more Americans are out of job then there could be a chance of a smaller increase in Dec. This could spark the last leg of a year end rally since the low of 3500.

STI

 

Straits Times Index 27th Nov

As expected we saw the Straits Times Index having some pullback nearing our 3220 downside target. 😊 Banks mainly led the downside as we saw some profit taking coming in after a strong run. Also, a pivot in interest rate also could start slowing the movement of bank shares as their future net interest margin would likely be slower. Looking for more downside for the week to about the 20ema and then planning what’s next. The Electronic stock on the other hand saw some life as a slow down in interest rate sparks new life into these Electronic stocks.

HSI

Hang Seng Index 27th nov 2022

The Hang Seng Index also moved as we planned, coming down to our downside target of 17320 and currently being supported by it. A break below this level could see our next target of 16741 which would be a good level to scale in. It might not be a straight down for the week as the bulls are holding the line very well for now. The China central bank cuts the amount of cash lenders must hold in reserve for the second time this year which might see a knee jerk reaction looking for a downside overall for the week to come.

Feel Free to drop us a message if you want to know more.

To know more about S&P500 & Nasdaq do head over to our facebook page to have a read.

Yours

Humbly

Kelwin& Roy

 

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Did You Notice This About These Two Banks?

24th November, 2022, 11:50 PM

We have seen a good run up for the three local banks on better than expected results and on the back of rising interests rate. But can this run continue on forever? As we know, nope! There will be a time for a break and pullback and there is something we noticed.

DBS 24th Nov 2022

DBS, as we can see has been guided by the 5ema and 10ema. This moving average has been guiding DBS for the last month and has never closed below that BUT today at close, we can see that it has closed below the 5 and 10ema. Is this a sign of more pullback? We think its possible! Its good for the banks to pullback so that those who missed the rally can possibly re-enter. The initial support would be at the 20ema of around $34.75. The Next downside support would then be around $33.84 near the uptrend and horizontal support.  We can see the volume has increased for today too. This might also help support the downside. If you’re looking for a short candidate, this might be one counter. If DBS closes above $36 then this short trade would be invalid.

OCBC 24th Nov 2022

OCBC, also similar to DBS, it has closed below its 5 and 10ema which might signal more downside. An increased in volume might support the downside for OCBC too. It has closed below the short term uptrend line too and the first downside support is around the 20ema which is $12.26. If more weakness comes in then we might see $11.87 on the cards. A close above $12.60 would make the downside invalid. Remember, if you are looking to short always have a TRADE PLAN with a stop loss, entry and target price. Don’t naked short and one can consider using Poems CFD for short or even DLCs!

As for UOB, it hasn’t broke and close below its 5ema so until we see that, then some pullbacks will be on the cards.

If you got any questions, feel free to CONTACT US!

Yours

Humbly

Kelwin & Roy

 

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Sembcorp Industries – [ Equity Fund Raising Dismissed ]

23rd November, 2022, 4:26 PM

Sembcorp Industries 23rd Nov 2022

Sembcorp Industries has been of buzz recently as we saw it started to move from the $2.80 level from October onwards. SCI announced the acquisition of 830MW of renewable assets in China through a joint venture with SPIC. With every acquisition, it will come with some fear of fund raising as the company will need funds to proceed with the take over. The good thing is that management ruled out equity fund raising to finance these acquisitions which gave some boost to the share price.

With acquiring of Xingling New energy, this will help with SCI’s earnings in the future but all these will take time for the share price to reflect these earnings.

For a more shorter term outlook, we have actually alerted our clients twice over the last month when Sembcorp Industries was just trading at $2.88.

Sembcorp Industries has been very good to us as each time we sent an alert for it, we have hit the upside targets resulting in another profitable trade.

Our recent trade alert just sent out yesterday saw our upside target being hit in just one day! Sembcorp Industries displays a very nice trend and if you are able to catch it, you will be rewarded greatly!

So if you would like to receive such alerts, do CONTACT US  and you’ll get back to you as soon! You don’t want to miss out another alert.

Yours

Humbly

Kelwin & Roy

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The Week Ahead Nov 2022 – [STI, HSI, NASDAQ & S&P]

20th November, 2022, 4:06 PM

Week started out well but as we warned that markets are starting to be in the overbought state and so some profit taking would come in very soon. What spoilt the party was St Louis Fed’s president James Bullard coming out to say that interest hike might have to be as high as 7% which was something that market didn’t really want to hear. It saw an initial sell down but it wasn’t as bad as expected as market is starting to get used to such news. Nonetheless, some pullback is healthy as this would allow more to hope in for a further ride.

As news of more layoffs continue to hit the media, recession fears, high interest rate hikes will continue to dominate the media and probably cause more selling in the coming week. It’ll be a shorter week in the US as they are celebrate thanksgiving!

STI

STI moved up to our upside target and once again overshoot a little to about 3300. It was a red candle close, signifying some profit taking going on. As the market has moved up quite a bit, some profit taking is healthy in the overall bigger picutre. The first line of pullback is at around the 5ema at 3260. The next downside support would be 3220 area which is what we’re looking for. Going there would present some good opportunities. We can see our Straits Times Index a little target and with a shorter week in the US, we might see a bit more lackluster movement this week.

HSI

Bingo for the Hang Seng Index as it hit right where we mentioned of around 18360. We can see that the HSI has been consolidating for the last three days failing to break higher. We might see a pullback this week as the HSI closed below the 18k around number support. A pullback once again is healthy and the first level could be 17320 then 16740. This would present good opportunities to scale back into the HK market which recently have had so much positive vibe. Keeping a look out and don’t miss this opportunity!

Feel Free to drop us a message if you want to know more.

To know more about S&P500 & Nasdaq do head over to our facebook page to have a read.

Yours

Humbly

Kelwin& Roy

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𝐏𝐋𝐁 𝐀𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧 𝐍𝐢𝐠𝐡𝐭

15th November, 2022, 7:33 PM

It was such a blast being at the inaugural PropertyLimBrothers appreciation event! It was a good year of collab and we look forward to more with them.

Congrats once again PropertyLimBrothers on your success, breathing life into properties and sticking to your core values of real estate with integrity.

Yours

Humbly

Kelwin & Roy

 

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