Month: October 2021

The Week Ahead (5) – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , ,
31st October, 2021, 4:27 PM

Good Day to all and yes we’re in the month of November already! And did you know that November is a seasonally better month for the markets? Some reason could be markets corrected in the previous months, market also anticipating pick up in business for the year end which might translate into short term  movement for share prices.

Singapore has also crossed the 5000 mark for covid cases, which we hope is a one time anomaly but it might be the norm in time to come too.

We’re hopeful for the month of Nov so lets dive into what we’re looking at.

Recap for STI & HSI 

STI remains sluggish ever since touching our 3200 resistance with a slight touch near our next resistance of 3200. Although US made new high our market failed to push higher. Only banks were moving with other blue chips generally on the decline.  As previously mentioned penny stocks continued to move up as focus shifted from blue chips to those small cap stocks. Energy stocks also saw a decline which might spell out some opportunities!

Over at Hong Kong, some what same story as HSI continued to be resisted by the resistance we drew. Mostly automakers were moving up while the tech stocks were declining. Also during the week, some China, US news caused some neagtive sentiments in the market.

Key Events to Watch For 

Earnings continue to take center stage as Wall Street look to company’s earing for growth and the strength of economy. Forward statements are important as this tells us if the company is bullish going into the rest of the year.

Singapore banks will be reporting soon so that might give a boost to the market depending if they meet market expectation and whether their forward statements are positive.

ISM Manufacturing PMI for Oct on Monday (1st Nov) is one data to look at,  ADP Nonfarm Employment Change, ISM Non- Manufacturing on Wed (3rd Nov)

FOMC statement and FED rate decision on 3rd Nov will be what market will be looking to for guidance. Then jobless claim on thursday and unemployment numbers on Friday to see the strength of US employment.

Also keep an eye on US and China tensions too.

Technical Levels to Watch For This Week 

STI

STI holding on to its short term uptrend line with resistance of at around 3200. If STI breaks that uptrend line we might see a pullback to the 20ema of around 3168. This is a healthy pullback to us and we’ll take the chance to trade some beaten counters. We cautioned not to be aggressive in our previous post as STI’s momentum started to slow down and nearing key resistance of 3200 where profit taking did come in. For now, we’re adopting a bit of wait and see approach with E stocks, Ifast, SATS all in our watchlist. =)

HSI

We’re also seeing weakness in the HSI with it hitting our resistance. It is currently at its first support which we think that it might break. We might see HSI moving lower for the week to around the 25k level. The 5ema is currently sloping down which is not a good sign if you’re long. So near term some weakness might come in.  Tech stocks hasn’t stabilize yet as in our last post so we’ll continue to watch it for the week.

Trade safe and remember to have a sound trade plan!

To know more about the outlook for S&P and Nasdaq, just CLICK HERE!

Have a good week ahead! Drop us a message if you want to discuss further!

Yours

Humbly

Kelwin&Roy

 

DBS – [ All Time High! What To Take Note Now?]

Kelwin & Roy dbs , , ,
27th October, 2021, 7:33 PM

DBS – [ All Time High! What To Take Note Now?]

Image source: giphy.com

DBS has hit an ALL TIME HIGH (ATH) and given such a climate its in, it deserves a clap! Hitting all time high also means that it has hit our second target of $31.80.  The move in DBS is also helping to sustain the gain in our STI as DBS is part of the STI component stock. We’re glad that DBS is moving the way we want it to since our alert at $30.55 before the breakout but here’s a few things to take note of and not get overly excited.

  1. Its Q3 results are coming out on 5th Nov before market opens. As we always preach, its a gamble to play over results especially if you’re trading the stock. If you saw what happen to IFast after results you will know what we mean. Despite a good set of numbers, the stock got sold down. Could that happen to DBS? will the results live up to the analyst? Who knows? Will the market like the results? So playing over results does carry more risk in our opinion.
  2. On the chart, if DBS starts showing weakness closing with a weak bar, that might be a sign of profit taking and for those traders, it might be a sign to come out.
  3. DBS might be running ahead of results as most banks overseas are reporting good results so sentiments and expectations are building up.

So with these points, do take note when trading DBS! Our next upside target is in the message!

Don’t want to miss out on another trade alert? Want to know what stock we’re looking at next?

Then JOIN our growing community and see how you can receive such trade alert sent to your phone.

Yours

Humbly

Kelwin&Roy

 

 

Coinbase (COIN) – [ Keep A Close Watch! ]

Kelwin & Roy Coinbase ,
26th October, 2021, 8:03 PM

Coinbase (COIN) – [ Keep A Close Watch! ]Coinbase 26th Oct 2021

Chart Source: Poems2.0 26th Oct 2021

Coinbase is an American company that operates a cryptocurrency exchange platform.  As of March 2021 it was the largest cryptocurrency exchange in the United States by trading volume. Coinbase will benefit from increasing adoption of  cryptocurrency as more and more investors are turning to crypto as an alternate form of investment.

If investing in the coins is not something you are comfortable with but want some exposure to the crypto world then coinbase might be one of it. We will cover more of it in due course but have drawn the chart and we’re looking at more upside as the world continues to adapt to crypto . Either wait for pullback to find entry or Coinbase has broken out of its horizontal resistance and might be looking at more upside.

What are your thoughts on Coinbase? We’ll be happy to hear them

Yours

Humbly

Kelwin&Roy

Mastercard Inc (MA) – [ Still In A Range? ]

Kelwin & Roy Mastercard ,
26th October, 2021, 7:54 PM

Mastercard Inc (MA) – [ Still In A Range? ]Mastercard 26th Oct 2021

Chart Source: Poems2.0 26th Oct 2021

Mastercard  Inc (MA) has in a consolidation for about 2 months already. From a pullback, it went into a consolidation and is now at the upper band of the conso. Mastercard has to stay above $361 in order to have a nice clean break. If not it might pullback once again. A bullish sign was spotted just three days back when we saw a nice hammer candle with the 50ema helping to hold it. It managed to stay above the 50ema at closing which is a good sign for us. It has also broke above the downtrend resistance line which is another positive sign.

Looking either for a breakout or pullback to support levels at 352 before any entry. Upside resistance drawn on the chart at around $369, 375 and $383.

Yours

Humbly

Kelwin&Roy

The Week Ahead (4) – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , ,
24th October, 2021, 10:00 PM


Good Morning and its the last week of October! How time flies some might say! Its about slight more than 2 more months before we end the year so make full use of what this year has to bring!

We know many people are sian about the recent covid restrictions, lets keep our heads up and spread positive vibes as much as possible! Encourage one another, call in a friend to see how he or she is doing! Keep the spirits up!

Recap for STI & HSI 

For our local market, STI touched our 3200 resistance up  rebounding about 3% since breaking our trendline just two weeks ago. Positive sentiments from the US continued to pour over which helped push our market up. Penny stocks saw another round of movement, so for those who likes to play penny stocks, the past week was probably a good one for you. Sembcorp Industries also saw some action this week.

Over at Hong Kong side it has also reached our resistance of around 26222 area with continual rebound from the tech and EV sectors. Evergrande paid out its bond coupon last week, buying it time to wrestle with a debt crisis looming over the world’s second biggest economy. It also resumed work on more than 10 of its property projects. Some good news but do be cautious especially for traders as HK market has rebound off the lows and some pullback might be seen soon.

Key Events to Watch For 

  1. Big Tech earnings! Four out of the five FAANG stocks are set to report earnings during the week – Facebook. This could set the tone for tech stocks.
  2. U.S. GDP .Data on Thursday is expected to show the extent of the headwinds that hit the U.S. economy in the third quarter. Economists are forecasting that GDP growth slowed to 2.8% from 6.7% in the previous three months. Other data to look out for would be initial jobs claims on thursday and friday’s core PCE price index.
  3. Continual monitoring of the 10 year yield. Its at the highest for the month of Oct and given Nasdaq is coming close to its ATH and S&P breaking its ATH, markets might slow down a little.

Technical Levels to Watch For This Week

STI

Chart Source: AdvisorXs 24th Oct 2021

STI continues to power through the week hitting to the round number resistance of 3200 and close slightly below it for the week. It actually rebound off the 5ema which shows some strength. The momentum does looks like its slowing down and with an month of an extension of covid regulations, markets might have some mini reactions to it. It STI manages to hold above the 5ema we might see near term upside resistance to 3230 area where more profit taking might come in. For traders, we might not want to be over aggressive as markets in US are also near or at all time high. So some pullback is not too much to expect.

HSI

HSI has also seen strength rebounding to our upside resistance of 26222. It is currently hovering near this resistance and a break above this might it move to 26834 area. Profit taking might soon come in too as market has rebound for about 2 weeks plus. Keep a look out! EV stocks like geely and BYD has seen a nice move up together with the usual tech suspects. Most tech stocks also are seeing some profit taking as they have rebound for the last few weeks too. Looking for it to stabilize before planning a move again.

Trade safe and remember to have a sound trade plan!

To know more about the outlook for S&P and Nasdaq, just CLICK HERE!

Have a good week ahead! Drop us a message if you want to discuss further!

Yours

Humbly

Kelwin&Roy

 

Let’s Take A Look At This Entertainment Company’s Chart

Kelwin & Roy Disney , ,
21st October, 2021, 7:53 PM

Let’s Take A Look At This Entertainment Company’s Chart

Image source: moneyinc.com

Have you ever been to a Disneyland? If you have then you’ll know how magical it is, how it transport you back to your childhood and those carefree times. Well,  I have only been to Disneyland Hong Kong & Shanghai but had such a memorable experience with the fireworks and all. These will stay with me for a long time to come. Kind of miss those times actually. =/

With Covid around, Disneyland seems more of a dream than anything else. When will we be able to experience such innocence and careful times again? Oh wells, we can hope and pray for the time to come! Meanwhile, lets take a look at Walt Disney Co (DIS) chart and see where is it heading to.

Technical  Outlook 

Disney 21st Oct 2021

Chart Source: Poems2.0 21st Oct 2021

We can see that Disney is in a range from around $168 to the upper range of $188.  Disney + subscriber growth is slowing and the pandemic continuing to weigh on the crucial theme -park business’ recovery, this stock has lagged the S&P. Analysts are cautious about its earnings coming 10Nov as there is not much near term catalyst. Long term, unless the parks can be open up and crowd returning then Disney could be lifted out of the mud.

For now, Disney would not be a stock we want to hold for the long term until things are clearer. We prefer to trade this counter when it nears the support and exit when it hits the resistance. So the range support is around $168 then $160 and the upper resistance is $182 which is also the downtrend line which we drew. The moving averages are kind of flat now indicating a lack of direction. Remember its earning date and try not to hold over earnings.

To happier times!

Yours

Humbly

Kelwin&Roy

Nio Inc (NIO) – [A 17% Rebound Target Met, What’s Next? ]

Kelwin & Roy Nio ,
20th October, 2021, 8:27 PM

Nio Inc (NIO) – [A 17% Rebound Target Met, What’s Next? ]
Nio 20th Oct 2021

Chart Source: Tradingview.com 20th Oct 2021

From our post on 4th Oct we mentioned that Nio was consolidating around the $35 range and that it had corrected 40% since the high, as such, this has caught our attention. After a slight move down, we saw NIO stabilizing and right that it crossed its 20ema and even the 50ema. A nice 17% rebound in about 2 weeks is good in our view! The 20ema is starting to cross up the 50ema which is a positive sign!

It is currently at around the $40 resistance and if it manages to consolidate and break above this we might see $48 on the cards. But it won’t be that fast as it’ll take time to get there.! EVs are in play and we’ll update on TESLA soon too!

Hope you learnt something from the post! Keep a lookout for our next!

Yours

Humbly

Kelwin&Roy

Are Singapore Electronic Stocks Back In Play?

Kelwin & Roy AEM , , , ,
19th October, 2021, 9:45 PM

 Are Singapore Electronic Stocks Back In Play? 

Have you been monitoring our Singapore electronic sector space? Have you noticed stocks like AEM, Grand Venture, Frencken, UMS and even Sarine Tech all moving up? Are you late in the rebound? Our clients were alerted on some of these counters since last week as we saw some rebound coming. We’ll share more in the coming days so keep watch for it.

Meanwhile, some factors to watch out might be how Nasdaq performs, you can READ UP more in our weekly outlook on the movement of NASDAQ, the 10 year yield and inflation data.

Will update soon!

Yours

Humbly

Kelwin&Roy

DBS -[ Jumped In Before The Breakout Today?]

Kelwin & Roy dbs , , ,
19th October, 2021, 7:40 PM

DBS -[ Jumped In Before The Breakout Today?]DBS 19th Oct 2021

Another good day out in the markets unless you’re shorting the markets. STI has hit our upside resistance of 3200 which we pointed out in our weekly outlook and close just a point below.

As for the STI component stocks, banks continued its move up with DBS having the largest percentage gain closing in second after dairyfarm.

If you read our article just last Thursday, we mentioned that OCBC and UOB had broke out and ran up but DBS hasn’t done so and it was worth keeping a close look out. True enough the break came today as US closed positive pushing the bulls further ahead. DBS saw a gap up this morning before making a tiny pullback and off it went towards our first target of $31.18! And yes, you guessed right, our EXCLUSIVE CLIENTS were alerted before the breakout! See below for our next target!

 

Busy with work and no time to actively monitor the markets? Want to be alerted immediately when we spot something?

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Yours

Humbly

Kelwin&Roy

 

𝐋𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐛𝐢𝐭𝐜𝐨𝐢𝐧 𝐟𝐮𝐭𝐮𝐫𝐞𝐬 𝐄𝐭𝐟 . 𝐈𝐬 𝐢𝐭 𝐰𝐨𝐫𝐭𝐡 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐇𝐲𝐩𝐞 ?

Kelwin & Roy Bitcoin ,
18th October, 2021, 7:49 PM

Image source: Cnbc.com

Crypto currency has been grabbing headlines all over the world, whether you hate it, love it, don’t understand it its making its mark in the world.

And in the latest development, The ProShares Bitcoin Strategy ETF (ticker symbol: BITO) will start trading today or this week if there is no last minute objection by USA SEC.

To know more about this and whether its worth the hype, simply head over to our facebook page to take a read. We have done a short write up and our thoughts on it.

Yours

Humbly

Kelwin&Roy