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

Kelwin & Roy STI , , , ,
28th May, 2023, 11:40 PM

What a week! Nasdaq saw an awesome close with AI theme leading the charge! May is turning out to be a positive month for the Nasdaq but relatively flat for the S&P500. So can sell and go away in May be trusted? We stated our point at the start of the month in our blog hinting to more upside than selling and we hoped that you have benefitted from this.

Early in the morning, the white house and republicans reached a tentative deal to avoid US default. The deal will still need to be approved by House and Senate lawmakers by wed to meet the 5 june deadline.

Nasdaq has been running up quite a bit so it might be a case of running ahead of news and selling on the news so beware, don’t anyhow jump in!

Now if you have been bearish all this while, reading too much doomsday prediction, predicting the WORST crash ever you would have missed out the 33% gain just for Nasdaq this year.  OR if you’re still shorting the markets hoping for another crash but market keeps on going up. Then our upcoming webinar is for you. If you want to ride the next wave up but still not sure how to do it then we encourage you to attend this and change things around. It is still not too late and there is HOPE for a change! Sign up as soon as there are really limited slots left.

STI

Straits Times Index 28th May 2023

Chart Source: DZH international advisor 28th May 2023

STI saw a rebound as mentioned last week. Banks especially DBS led the rebound and our clients had first dips on it catching the rebound from 30.50. We could see $32 coming this week with positive sentiments out there. Still on course for our rebound target of 3260. We hoped you managed to catch this rebound. Singapore electronic stocks also saw a nice rebound largely led by chip makers overseas.

HSI

Hang Seng Index 28th May 2023

Chart Source: DZH international advisor 28th May 2023

Rather disappointed with the HSI as weakness continues to set in and even breaking through our 19k support. We got to see HSI regaining its 19k level by this week if not the downside might be ugly. 18500 is a crucial support and we wouldn’t want that to break. We would want to see a base being formed first before taking any action for now. If you want to get the latest updates on the HSI like our clients then just reach out and we’ll let you know how to be added into our telegram channel.

Head over to our Facebook to find out more about Nasdaq and S&P500 movement this week!

Yours

Humbly

Kelwin & Roy

 

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THIS IS WORRYING

Kelwin & Roy Market Outlook , ,
26th May, 2023, 2:18 PM

Chart Source: Tradingview.com

Debt Ceiling is the talk of the town these days and markets seem to be moving in tandem with news concerning the negotiation of the debt ceiling.

THIS IS the 😱 🫣MOST WORRYING THING that could come out from the debt ceiling drama and ITS NOT the government shutting down!

It happened back in Aug 2011 and the markets came off around 15% .

Will it happen again this time and what to do and how to prepare yourself IF IT happens? 🤔

We’ll talk more about it during our webinar next Wed at 8pm. ⬇️

Link below to register :

https://bit.ly/SHSjunewebinar

From Kelwin & Roy

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

Kelwin & Roy Stock Market, Straits times index , , , ,
21st May, 2023, 4:35 PM

Fist bumps all round as US markets push higher with Nasdaq even breaking above Aug2022 high! We’ve been bullish on the US markets and have been giving regular updates so hopefully you caught this break!  Big tech led the gain as traders/investors are becoming more optimistic about a rate pause. What will happen to the market with a rate pause? Will market trend up or down? We’ll be answering that in our upcoming webinar at the end of May. So register HERE if you want to find out what will happen.

The Greed and Fear index is starting to creep up towards the extreme greed area which is good if you’re on the LONG side. When it goes into the extreme greed that’s when we need to be alert as market might start being too bullish.

For this week, take note of Fed’s statement on Wednesday ( thursday morning local time) to get a confirmation if you’re going for a rate pause!

STI

Straits Times Index 21st May 2023

STI came down to our target support before launching a rebound. Short term resistance at 3200 which was the previous support. STI could look to break past this and stage a rebound to around 3260 levels. Banks are also due for a rebound after falling for over 2 weeks. Blue chip stocks like Capitaland Invest, Venture also could see further rebound into the week. =)

HSI

Hang Seng Index 21st May 2023

HSI once again the wild beast of the east saw wide swings during the week. It is now in a sideway consolidation. Results from big tech stocks like Baidu, Tencent, Alibaba were a little mixed. Some did better than expected while some came below expectation. Data coming out from China were also not as expected hence some selling came in. G7 summit also added strain as world leaders were looking to clamp down on China’s growing power.

With that on the backdrop, we might see weakness in the HSI a test of 19000. We need to see 19k hold before we can start  to see another rebound.  A rebound back to 20k could be on the cards very soon and we’re watching closely for that. Moving averages are already sloping down so more downside might be seen.

Head over to our Facebook to know more about our view on S&P500 and the strongest index for now Nasdaq100.

Yours

Humbly

Kelwin & Roy

 

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

Kelwin & Roy Straits times index , , , ,
7th May, 2023, 11:05 PM

 

It was an exciting week for the markets as Fed increase rates by 0.25% and bringing the Fed Fund rates to 5-5.25% . With this hike, Fed opens door to pause tightening cycle. Is this good news for markets? Our clients have been briefed and know what to do in an event of a pause. =) Want to know what happens when Fed pauses rates? Simply drop us a message.

Big tech results have also reported their results and so far all beating expectations which is a positive sign. Though slowing down which is very much expected, its a positive sign that results are still coming in above analyst expectations.

For this coming week , U.S CPI data on Wednesday and Thursday’sPPI data are among key data markets will be watching on further signs of inflation easing.

Markets are actually holding up well and there is risk on for the markets too. We would start to cautious if the gauge goes to extreme greed.

Could S&P500 finally break that strong resistance 4200? Head over to our Facebook to find out more. Meanwhile, we’ll dive more into the Straits Times Index and Hang Seng Index.

STI

Straits Times Index 7th May 2023

Chart source: DZH International Advisor 7th May 2023

STI moved as we expected, moving up to the resistance(3295) as drawn and coming back down. The banks are the main draggers for the STI as interest rates are looking to stabilize meaning that their NIM might start coming down and with recession looming, this could be a double blow for the banks. But once the banks come off to a low enough level, thats when we’ll be entering once again.

For this week, STI is being resisted by the 5ema. We’re expecting more downside for STI to 3220 level which could then flush out the weak hands.

HSI

Hang Seng Index 7th May 2023

Chart source: DZH International Advisor 7th May 2023

HSI also moving to plan. Pulling back first and then moving up. HSI is more exciting now and we have re-drew some of the lines to have a clearer picture. It is currently at the 20ema resistance of around 20032 level BUT we do think that there is strength for the HSI to breakthrough. We should have seen the bottom for this round and onwards to our target of 20500-20600. Jia you!

Head over to our Facebook to find out more about view on the US markets.

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy Stock Market, Straits times index , , ,
1st May, 2023, 10:37 PM

Did you know that the S&P500 ended April up close to 2% further adding to April being a positive month for the markets.

Now as we enter May. What is ahead of us? Firstly, Fed will be meeting on 2nd and 3rd May deciding if they will raise interest rates once again.

Secondly, the famous saying sell and go away in may! Will this self fulfilling prophecy happen?

Taking a quick look for the past 10 years S&P 500 was up 90% of the time but if we were to look back from 2008-2013, S&P500 actually fell 4/5 times or 80%. As such sell and go away in May ending in a negative region was about 33% for the past 15 years.

So for May, selling and going away in May might not hold true. The upside could surprise also depending on what Fed says.

STI

Straits Times Index 1st May 2023

Chart source: DZH International Advisor 1st May 2023

The moving averages are sloping down for the STI with the 5ema acting as the resistance. For this week we might see more downside for the index. It might try to move up test around 3295 and head back down. A break of 3267 could see it pullback to 3220. At that level, we probably see more entry as the index would look more attractive then. Banks are the main driver and we are seeing weakness in it that could drive the index down. Individual stocks are actually fairing pretty well despite the negative sentiments.

HSI

Hang Seng Index 1st May 2023

Chart source: DZH International Advisor 1st May 2023

HSI a little different from STI. We might see more upside for the week. The 20ema acted as the resistance which could see a bit of pullback first before accelerating upwards. We could wee about 20500-20600 for the end of the week as HSI is starting to form a base.

Head over to our Facebook to find out more about view on the US markets.

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy Straits times index , , , ,
23rd April, 2023, 3:00 PM

It was a rather poor showing for the markets for last week with only the STI surprisingly resilient. Despite a stronger than expected GDP data from China, that failed to boost markets and Biden’s push for China investment curbs also caused the China/HK market to sink.

Major tech companies like Microsoft, Amazon, Meta, Alphabet will be releasing their results this week. Companies like VISA, Mastercard will also be reporting and focus will be on how their quarterly results to see if consumption/spending has come down and their forward statement and any clues to whether we will be heading into a recession.

Some data to focus on would be US GDP and initial jobless claim on Thursday then fed’s preferred indicator which is the core PCE  data on Friday.

On the home front, UOB will go XD at the end of the week which also could cause some weakness as investors might start selling shares of UOB after it goes XD.

STI

 

Straits Times Index 23rd April 2023

Chart source: DZH International Advisor 23rd April 2023

STI was surprisingly resilient. With stocks, like Keppel Corp, Sembcorp Industries,Capitaland Invest. all pushing up through the week.  Keppel Corp also gave its business update which could explain the push up for the week.

The STI near term resistance is at around 3332 level and if we do break this on good earnings results then we could see the index move up to the 3380 level. For the support, the first level is at around 3302 which is also the 10moving average indicator. If that breaks on negative sentiments, we could see it go as low as 3267. We’re expecting a bit of volatility as the earnings could surprise on the upside but recession fears could once again bring the markets down after.

Investors still remain cautious firstly because the STI has actually seen about 7% gain since the low in march and have not seen any significant pullback ever since. Investors could be waiting on the side lines for a further pullback before establishing any position hence we see our STI relatively flat

HSI

Hang Seng Index 23rd April 2023

Chart source: DZH International Advisor 23rd April 2023

HSI saw selling pressure despite better data from China which meant weakness. A further political move by Biden gave more reason for more selling which saw HSI falling close to its 200ema.

For this week, most likely we should see this support being tested and we could even see more down side to 19050 area. Many fake break out last week and no doubt some injured traders along the way which is part and parcel of the journey so fret not! If you want to take advantage of the downside, using CFD or DLC are some the options. HSI short term remains weak but for long term investors, time to look out for entry points.

Head over to our Facebook to find out more about view on the US markets.

Yours

Humbly

Kelwin & Roy

 

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

Kelwin & Roy Straits times index , , , ,
16th April, 2023, 11:22 PM

 

CPI data which market was eyeing turned out lower than expected last week which sent markets on an upwards swing. Despite Initial jobless claim coming in higher than expected, inflation data took center stage as more signs of easing ease inflation fears.

Also, big banks like JPMorgan, Citigroup and Wells Fargo all beat expectation which gave a boost to the markets too.

This week, focus will continue to be on earnings. Corporate results and outlooks will be taking on added importance especially during this season as investors will gauge whether all this interest rate hike is hurting earnings and spending. Consumer discretionary sector stocks like Tesla , J&J , Goldman Sachs are just a few big companies  reporting next week and market will take cue from these earnings.

STI

Source: DZH International Advisors 16th April 2023

STI came off during the start of the week as expected but as CPI data came out, market start creeping up BUT started showing weakness on Friday as profit taking set in. For this week, expecting a drift down first to a test of the 20ema of now at 3270. Stocks in the STI components also looks tired, stocks like Sembcorp Industries, SGX and the banks too. So waiting for more pullback before entering. OR, one can considering a quick short to take advantage of the pullback. 

HSI

Source: DZH International Advisors 16th April 2023

HSI also having a sideways consolidation for now but has closed above the 5ema which is a positive sign for now. We should be looking at more upside for this week given the rebound on Friday. Upside to 20700 first which is also around that uptrend line resistance. Geely, Xiaomi are some of the stocks we’re looking at for this week for more upside. Overall, sentiments flowing from US will help to determine the direction for HSI too.

Head over to our Facebook to find out more about view on the US markets.

Yours

Humbly

Kelwin & Roy

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Beware! Pullback Might Be Coming for This Counter!

Kelwin & Roy Sembcorp Industries , ,
10th April, 2023, 5:27 PM

This particular counter has seen a tremendous rise and is probably one of the best performing stock for 2022 and moving into 2023.

This counter is none other than Sembcorp Industries! This stock has given us many positive returns through the years and its one of our favourite counter to trade too.

As early as 2021 we started noticing this counter already and has since see positive returns. For 2022 we have given 6 alerts on Sembcorp Industries and have seen many positive returns after.

And for 2023 we have given 2 alerts so far which have seen over 10% upside each time we alerted our clients. You can start to see why Sembcorp Industries is one of our favourite stock now.

But as the saying goes, all good things have to come to an end? But don’t worry, this doesn’t mean the end for Sembcorp Industries. As the recent move as been quite powerful, a pullback is inevitable. We can see that Sembcorp Industries has been trying to break the $4.42 barrier but is unable to do so. Also, this is the first time that Sembcorp Industries has closed below the 5 and 10ema. In addition, indicators  A pullback might be on the cards which could take it to $4.19 first and even $4 for a sharper pullback.

Sembcorp Industries 10th April 2023

Source: DZH international Advisor 10th April 2023

Waiting for a better entry for Sembcorp Industries first before making any moves.

Want to be alerted on Sembcorp Industries next move? Don’t miss the next move!

Contact US to learn how to be included in our next alert!

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy Straits times index , , , ,
9th April, 2023, 4:36 PM

Markets ended flat for the US side as traders looked to book profits ahead of the jobs data and long weekend. Market has been trying to digest the data as recent data might give more insight to an impending recession which is spooking the markets. Focus might start to shift towards recession fears as the narrative about interest rates starts to wane off.

For this week, all eyes will be on the CPI and whether it will further seal the deal for hopefully a final rate hike of 0.25% when the Fed meets in May. A less than expected numbers could give a boost to the markets together with April seasonality. Expecting market to consolidate first before making any move.

STI

Source: DZH international Advisor 9th April 2023

STI rose overall for last week as April seasonally is a better month for the stock market as portfolio managers look to rebalance their holdings and prepare for the next quarter. What was holding up the index also was the banks as their dividend pay out continue to help give support for the index. Profit taking set in after a week’s gain as traders looked to book profit before the crucial jobs data which came in line on Friday.

DBS will be going xd on Monday which could cause some selling as those who held through for the dividends might be letting it go after. We might see some knee jerk reaction to the STI as profit taking. UOB will go xd end of April ( 28th April)

The immediate support for the STI is around 3295. Immediate key psychological resistance is at 3330. A break of the support of 3295 which is also the uptrend support line could take us to around 3252 support level which we could be looking at for the week. After hitting that support, we could see support coming in for the markets as some pullback will be welcomed.

HSI

HSI looks like its rebounding from its recent correct and we could see some upside this coming week. It has closed above the 5ema which is a positive sign. For this week if HSI can remain above this 5ema further upside to 20680 then 21000 next. So far HSI is tracking US a little more taking cue from the world’s biggest market. HKEX looks stronger as its still above its 20ema which most tech stock like Baidu, Jd and Meituan are below.

Do be nimble this week as markets are not out of the woods yet.

Head over to our Facebook to find out more about view on the US markets.

Yours

Humbly

Kelwin & Roy

 

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SGX Trading Festival 2023

Kelwin & Roy SGX Trading Festival 2023
28th March, 2023, 2:25 PM

SGX Trading Festival 2023

Humbled and grateful to be given the chance to be speaking at the recent SGX Trading Festival 2023! It was truly an honor to be included in such a wonderful event and sharing the stage with top names in the industry.

We enjoyed the event, from engaging conversations to of course the delicious food and drinks. The atmosphere was warm and energetic and audience were engaging! So good to be able to do a physical seminar once again. Many questions but unfortunately we ran out of time and couldn’t answer them all.

The SGX Trading Festival is still on-going and you can head over HERE to find out more! Don’t miss the chance to listen to the experts on their view on the markets too.

And if you missed our talk on ‘Don’t Fight The Fed?’ We’ll be having a webinar having very soon which I will go through some key points and share some key market updates.

Look out for it

Yours

Humbly

Kelwin & Roy

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