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

SATS – Should You Chase It Now? What’s The Upside Left?

27th March, 2023, 9:03 PM

SATS has recently been grabbing the headlines due to their rights and it has also attracted the interest of traders. As the trading of rights were coming to  a close two weeks back, we saw an opportunity for a rebound as the rights overhang starts to fade and the recovery of the stock price starts to come into play. So when SATS was trading around the $2.40 range, with a good support there, we alerted our clients about this potential trade set up.

Fast forward two weeks later and we can see SATS has risen by 10%!  If you missed this trade then the next question is could should I chase this trade or wait? Let’s take a look at the chart and do a quick analysis.

SATS 27th March 2023

From the chart, SATS broke out from its downtrend line with higher volume which is a healthy sign. But it was unable to break above its $2.64 resistance and hence might need some time to overcome this. Once this level is taken out then we might see SATS moving up towards the $2.72 then $2.80 upside resistance. Now that the rights issue is out of the way, a general recovery could come into play.

Yes, you might be a little later in the trade but if you want to get in earlier, then ensure that you’re our client to receive such alerts as soon as possible to make that difference!

Just Contact Us Straight Over HERE to learn how you can be receiving such alerts!

Yours

Humbly

Kelwin & Roy

 

 

 

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

26th March, 2023, 9:47 PM

The Fed has risen interest rates by 0.25% and further mention that one more rate hike for the year is on the cards and probably no rate cute. With that market volatility set in but as the week came to a close, markets started settling down. Now with fed decision out of the way. What will market be looking forward to and how will the market perform for the week?

Traders will be hoping for some form of stability to return to markets roiled by bank failures in the coming week as they weigh the ongoing fallout from the forced UBS-Credit Suisse tie-up. Upcoming Core PCE Date which is the Fed preferred data could bring some volatility towards the end of the week.

China’s PMI data on Friday will be closely watched as market watchers try to gauge the strength of the recovery in the world’s second largest economy in the wake of the lifting of pandemic restrictions.

Now let’s take a look on the technical front for the various markets.

Nasdaq 100

Nasdaq 100 considered strong as its above the 200ema and what’s interesting is that the 50ema is looking to cross the 200ema. A bullish sign if this happens! Nasdaq remains stronger as traders switch from banking stocks to tech stock and pile in on tech stocks as the 10 year fell. Also, traders look to move in on the recent hot theme on artificial intelligence.  For the week ahead, the key resistance that Nasdaq has to take out would be around 12913. Market has tested that area recently but haven’t been able to break it. As April draws near, a seasonally better month we could see market gathering pace if this banking crisis don’t fallout further. Looking for a bullish break through for the week.

A break below 12373 would be a short term bearish signal for the Nasdaq100.

S&P500

S&P500 slightly weaker as it consist of banking stocks in the index which is dragging the index down. Currently at some congestion which is the horizontal line, downtrend line and the moving average. A break above the 4000 psychological could see S&P500 move higher to the 4100 level. We remain bullish for this week as market tries to stabilize and absorb the bad news around. Support at 3919 and  a break below that might signal more downside to 3811.

HSI

Something interest that we are seeing on the HSI is that its up 3 days in  a row, a rare sight for the last few months. Gaining some momentum on the upside BUT currently facing a few resistance as drawn from the above. A good break above 20,120 could see the HSI push up to 20700 if not we could see HSI consolidate for awhile. Optimistic about a break above this resistance! Support at 19733.

STI

STI which is almost 40% made up of our three local banks largely takes direction from the movement from the banks. Despite the banking crisis we do see our banks hold up pretty well. As our banks are on the safer side, investors are still confident in our banks. For this week, with an increase in interest rates, we might still see a move up after it cross 3225. A move towards 3262 is possible for this week as market tries to find its footing.

If you got any questions as always feel free to drop us a message.

Yours

Humbly

Kelwin & Roy

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

12th March, 2023, 10:54 PM

It was a disappointing week with Fed’s powell coming up with a hawkish tone that interest rate might continue to go up higher and longer. That sent the markets diving and to add salt to the wound, silicon valley bank (SVB) collapsed over a few days and many are concern over the ripple effect that it might have. Crypto bank silvergate also announced liquidation which added to the chaos. Overall, it has been a tough week ever since Fed’s statement.

Core CPI data another important data which market will be looking closely at to see if Fed will really raise interest rates by 0.5% in the next meeting. Expectations are rising for a 0.5% rise as inflation data is starting to point on an upside.

The Greed and Fear index is returning to extreme fear and we could see a rebound coming soon but with the rebound it will probably attractive shortist and people who needs to cut loss, hence any rebound will be met with resistance.

STI

STI continues to trend down as banks lead the downfall. As Fed continues to pressure the markets and with the fallout of SVB, our local banks also took a hit. We might see STI fall to the next support level of 3150 before planning our next move. Currently the downtrend line is also acting as a resistance. Waiting for a base to be formed first.

HSI

We can’t get the chart for the HSI out but after Fed’s meeting last week, we do see HSI following US with the selloff and with negative sentiments around we could still see HSI selling off a little more. Once again the sentiments has shifted and until we know how bad the fallout for the SVB is and how the CPI data next week is, any rebound will be met with short sellers. We did have some long positions when HSI pulled back and are we going to sell these? No! But we’re not adding more as yet till we see markets stablize a little more. No hurry for now.

As market is in a turmoil, head over to our Facebook for more updates on the US markets.

Stay safe and its the school holidays this week!

Yours

Humbly

Kelwin & Roy

 

 

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

5th March, 2023, 2:58 PM

As per last week’s update, we mentioned that markets were due for a rebound after coming down so much. The S&P500 touched the 200ma and the 38% Fibo retracement level which gave support for a rebound! What to look out for this week? Fed Chair testifies this week, once again market will look to what he has to say and if there is a chance of less aggressive interest rate hike and less hawkish statements. This could then give rise to another leg up.

Another to note, towards the end of the week, the usual NFP and IJC will also take spotlight as to how inflation might be.

And lastly, China’s “Two Sessions” is an annual parliamentary meeting that gathers delegates from across China to discuss and approve national priorities. China is also set to release its annual targets for GDP growth, inflation and employment. The meeting could last about 2 weeks. What’s interesting is that China tends to gain after the NPC meeting. Are you positioned for that?

 

HSI

 

HSI came to our near term support and bounced off and even broke through the downtrend line which has been resisting it. Volume came in as short sellers looked to cover while long traders took the chance to build their positions. As we been advocating, take the downside for the HSI to add in your long term positions. With this break, we might see the index trend higher in the coming weeks. The hang seng index could still do a re-test of the lower band of 20,110 and then start to move up towards 21,353. Hope you have added some long term positions! Baidu, Tencent is leading the charge!

Watch out for the NPC meeting that is currently taking place too. It could give clues to which sector to be focusing on.

STI

STI was the only index that didn’t rebound, but we could be looking at some rebound this week as banks are also nearing their support. The immediate support for STI is at 3220 then 3181. We’re looking more for a rebound rather than shorting now. As banks make a big part of the STI, a move upwards could see it pull the STI up.

Its a big week ahead and things are looking up! Head over to our Facebook to read up more on the S&P500 and Nasdaq100. You don’t want to miss this.

Yours

Humbly

Kelwin & Roy