Month: February 2023

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

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

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

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

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