Month: May 2023

The Week Ahead May 2023 โ€“ [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.ย  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

 

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 theย negotiation of the debt ceiling.

THIS IS the ๐Ÿ˜ฑ ๐ŸซฃMOST 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? ๐Ÿค”

We’ll talk more about it during our webinar next Wed at 8pm. โฌ‡๏ธ

Link below to register :

https://bit.ly/SHSjunewebinar

From Kelwin & Roy

The Week Ahead May 2023 โ€“ [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!ย  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 startย  to see another rebound.ย  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

 

The Week Ahead May 2023 โ€“ [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

The Week Ahead May 2023 โ€“ [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 fulfillingย 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