Month: June 2023

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

Kelwin & Roy Stock Market , , , ,
25th June, 2023, 10:55 PM

US STOCKS closed lower on Friday (Jun 23), capping a week dominated by Federal Reserve chairman Jerome Powell’s testimony. With few market-moving catalysts this week aside from Powell’s congressional testimony, all three indexes notched weekly losses, ending a weeks-long rally.

The Nasdaq snapped its eight week winning streak while S&P 500 broke its five-week rally. Is this the start of more downside? In our view we do think so given such a strong rally, a pullback is not too much to ask for right? Especially for those who missed out on this rally, this could be an opportunity to scale into the markets.

3 key events to look out for this week, the first being Fed’s speech on Wed, second is China’s PMI data on Thursday and lastly Fed’s preferred inflation data which is the PCE. As inflation is still above 2%, Fed is still trying to bring it down and is now looking at another two more rate hikes for the year. Friday’s data could give an insight to what Fed might do for the July’s meeting. Do head over to our Facebook page to find out more about the key levels to watch out for this week for the US markets.

STI

Straits Times Index 25th June 2023

Chart Source: DZH Internatioanl Advisor 25th June 2023

Following global sentiments, the straits times index also saw a pullback for the week as blue chip stocks like sembcorp industries, keppel corp and SIA all finally saw profit taking. Banks initially led some rebound as a higher rate environment could continue to lead to higher profitability for them.

Our Straits Times Index is currently at its immediate support of around 3186. It does look like there might be more downside to it which we might even see 3123 as the downside target. If the index reaches there, we do see good opportunities to enter the market.

HSI

Hong Kong Index 25th June 2023

Chart Source: DZH Internatioanl Advisor 25th June 2023

After a very steep rebound on expectations of rate cuts and stimulus from China’s government , HSI saw a sharp pullback. A pullback to 18522 level is possible for the week. PMI data coming out on Friday might help spur the govt to do more stimulus if data comes below expectations so that’s something to look at for the week.

Meanwhile, some more downside might be expected before a rebound. 18522 level first then a test of the recent low of around 18000 should give some firm rebound.

To find out more about the US markets don’t forget to head over to our Facebook page.

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy STI, Stock Market , , ,
11th June, 2023, 9:51 PM

Another good week for the US markets as it notches fourth straight positive week climbing on a wall of fear. US market continues to ride on the AI theme although there are signs of slowing momentum as stocks have ran up quite a bit already.

 

The greed & fear index has entered the extreme greed zone which indicates the sentiments are much better now and traders are willing to go risk on. We are a little contrarian when it comes to this, being extreme greed might not be too good for the short term as traders start to pile in to the market. We have been giving advanced cue since may for a potential upswing which has happened and now market seems a little high and we prefer a pullback before entering. Not chasing the markets for now.

For this week , CPI and Fed meeting will be the key events to look out for. Market participants are expecting fed to keep rates and not increase it. 30% are seeing a raise. So if Fed does raise the rates, we might see a pullback from the markets.

STI

Straits Times Index 11th June 2023

Chartsource: DZH Advisor 11th June 2023

STI still a little lackluster, with a few stocks standing out from the rest. Sembcorp industries and SIA are two that are shinning brightly.

For this week, we might see some rebound from Keppel Corp, Capitaland Invest and SATS.  STI could move up to test 3200 then 3225. STI could also wait and see if Fed pauses rate this coming week which might actually not be too good for the banks as it would mean that interest rate hike has peaked and banks moving forward might not see such high net interest margins already.

HSI

Heng Seng Index 11th June 2023

Chartsource: DZH Advisor 11th June 2023

HSI is a lot more exciting and active than the other regional markets as we are seeing a strong rebound ever since HSI went into a bear market. This rebound has caught the shortist hence seeing a fiercer rebound. Many are speculating a stimulus from China’s government to spur the markets. Do be careful as it could be a sell on news kind of situation as markets are rebounding on such expectations.

For this week, we might continue to see rebound to 19600 then 20k Strong resistance around the 20k mark where HSI should take a break. We hope you took the chance to load up on some good shares like Alibaba, Baidu and Tencent. Another exciting week ahead.

Head over to our Facebook page to learn more about how Nasdaq and S&P500 might perform this week.

Yours

Humbly

Kelwin & Roy

 

 

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

Kelwin & Roy Stock Market , , , ,
4th June, 2023, 10:44 PM

Another great week out for the US markets as Nasdaq and S&P pushed up higher. Well it is good for everyone who is on long, for those who missed the rally its really a pity. So if we do get any pullback in June, it could present a good opportunity for those who missed out thinking its a BEAR BEAR BEAR! June is seasonally a weaker month BUT during the 3rd year of the presidential month, June might still be alright. We’re still hoping for a pullback which could then allow some entry.

S&P500 pushed ahead past the 4200, 4300 looks possible on the cards which could be reached within this week. We won’t be chasing this market and would prefer to wait for a pullback first.

STI

Chart Source: DZH international AdvisorXs 4th June 2023

STI saw a rebound during the week but got resisted by the 20ema. After the initial rebound, the momentum is losing steam and is picking up by HSI rebound. STI could see positive momentum flowing and try once for another rebound. SATS looks like it might have more downside to $2.35 which will present a good rebound opportunity there. Overall, we’re looking for an upside this week to test the 20ema once again.

HSI

Chart Source: DZH international AdvisorXs 4th June 2023

HSI FINALLY saw a rebound after weeks of selling. Data coming below expectations caused selling through the week and as media started blasting that HSI is in the bear market, that’s when the market turns around and bite you. Better retail sales and caixin data helped market make that 4% rebound last friday. Rebound might continue on this week with the 20ema at 19200 as the first resistance. After weeks of selling, our clients were the first to be informed on Thursday about a potential rebound in play which came as a 4% rebound which wiped out the shortist. Want to be the first to be informed and not miss out. Join us to be the first to be informed of such potential move.

Head over to our facebook to find out more about the Nasdaq and S&P500 movement this week.

Yours

Humbly

Kelwin & Roy

Buy In May And Sell In June?

Kelwin & Roy Stock Market
1st June, 2023, 9:56 AM

Buy in May and Sell In June??

The aged old saying of sell and go away in may didn’t materialize once again. Nasdaq was up 8% helped by our stock pick NVIDIA while S&P was up 0.5%

So now as we step into June, could we finally see the selling take place? As we shared in our webinar, June is seasonally a weaker month as its the summer holidays and traders take a break.

After a good month in may, some selling in June is not too much to expect.

A pullback could present us with opportunity especially for those who missed the boat. Keeping a close watch.

Missed the BULL RUN so far? Want to restructure your portfolio but don’t know how?

Simply reach out and we’ll help you through this. Are you able to afford to miss out the next run up?

Yours

Humbly

Kelwin & Roy