Month: April 2022

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

Kelwin & Roy STI , , , ,
24th April, 2022, 8:30 AM

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

Dow Jones PLUNGES more than 900 points for its worst day since 2020! US markets are having a rough time and if you’re an invested in the US markets, its natural to feel fearful or SIAN. Fed’s Powell spooked the markets as he said a 50 basis point for may hike is very possible which sent market into a nose dive.

As retailers are scrambling for the exit, we hope you’re invested into good solid companies that can withstand the test of time. TESLA is one of them, despite all that the market is going through, we can see that TESLA is still standing strong. More earning results coming out this week so be alert. To find out more when are the other companies reporting results, you can head over HERE. 

STI

And STI has pulled back to 3300 level as mentioned last week. After testing that level some rebound came too. Even though STI came off, we still saw individual stocks moving up and hitting our targets.  It is currently resisted around the 3360-3371 level. With US very weak closing, we might see some negative sentiments flowing in first. With Singapore relaxing more of its measure and going back to pre-covid norms, we might see STI inching out a gain this week.

HSI

HSI also came off as expected. It covered the gap to come down close to 20k support level. We’re still not bullish  for the short term and would be looking out for signs of a reversal first. If we look closely, the 5ema has been pinning down the index and it hasn’t been able to stay above that. In addition, the downtrend is also pinning it down. So waiting for further signal to turn short term bullish. For long term investors, once again, opportunities arises!

For more analysis on the US market and where it might head to, you can click HERE

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

 

 

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

Kelwin & Roy Straits times index , , , ,
17th April, 2022, 4:18 PM

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

Another volatile week as US market kicks off earning seasons. We have warned that markets are not of the woods yet as market are still trying to find their footing and have not gained any strong grounds yet.  BOA, J&J, TESLA and many more other companies will be reporting their first quarter results. This is key to see as it could set the tone for the year as companies grapple with supply side constraints and with a rising interest rate environment too. This might also lead to markets fluctuating as market takes some cue from earnings.  To find out more when are the other companies reporting results, you can head over HERE. 

STI

As mentioned last week, we expected more pullback for the STI and it has come true. STI has pulled back to 3340 level and we might see further pullback to 3300. This level might see more bargain hunting and we’ll be waiting. Don’t forget although the index might be down, individual stocks can still move up. Oil and coal related stocks are still moving up!

HSI

Weakness also flow into the Hong Kong markets as previously mentioned but with some trickle of good news where the Chinese government finally gave approval for some games. Not turning bullish unless we see more convincing signs, like staying above the downtrend lines. Our downside target remains at around 20000.

For more analysis on the US market and where it might head to, you can click HERE

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

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

Kelwin & Roy Straits times index , ,
10th April, 2022, 4:12 PM

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

Fed will shrink balance sheet ‘rapidly’ and it also sent the market into a rapid descend during the week. As fed continues to tighten monetary policy through a series of interest rate increases and by starting to reduce the balance sheet, markets didn’t take it that well and started selling off especially the tech related sector.

We’re not out of the woods yet as key indices are near key support levels and we need to see support before making any moves.

STI

As mentioned, STI came off and went down to the 20ema support. It saw a slight rebound but we’re not convinced of it yet and might be heading lower to 3340 first. Although the STI is down, there are some pocket of stocks that are up like Sembcorp Industries, coal related stocks which we are glad we have caught them. So do look at individual stocks to see their strength too.

HSI

HSI moving in a bit of sideways unable to push higher but yet not pulling lower. The consolidation band is around 21260 level to 22397 area and we’re looking to see where it’ll go for now. Odds are for it to shift lower for a better entry unless there is strength to break that downtrend line and then the resistance of 22397. Looking for a clearer picture for the HSI.

For more analysis on the US market and where it might head to, you can click HERE

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

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

Kelwin & Roy Stock Market
3rd April, 2022, 4:37 PM

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

Yield curve inversion causing some pullback in the markets but is this pullback good enough? Will recession be hitting soon? Read our view on S&P 500 and the Nasdaq to find out more.

STI

STI has hit our upside resistance of 3454 and started to pullback. A healthy pullback is good as most of our stocks have hit their targets and traders are starting to complain prices being expensive. A pullback to the 20ema is not too much to ask for as we start scanning for stocks to re-entry again! Want to know what stock we’re looking at next?

Be our EXCLUSIVE CLIENT and be alerted earlier to not miss out!

HSI

HSI saw a  rebound to our resistance and with a bullish candle on friday plus good news with China considering letting the US check their audits. China ADRs probably might have some upside. A larger pullback is more helpful as this brings more confidence to trade the HK market. But if HSI manage to break that 22339 resistance we might see it move up to 23647, not the best of situation but as traders, we have to learn to go with the flow.

For more analysis on the US market and where it might head to, you can click HERE

Have a good week ahead!

Yours

Humbly

Kelwin&Roy