Month: July 2023

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

Kelwin & Roy Stock Market , , , ,
30th July, 2023, 11:14 PM

It was a rather flattish week for the US market as markets all priced in a rate hike from the Fed. Towards the end of the week we saw inflation data coming in lighter than expected which once again drove US markets up. S&P is track for the fifth straight month which is something we haven’t seen in awhile. BUT as S&P was flattish for the week the Hong Kong was up about 7.5% for the week! Let’s talk more about that in awhile!

Some key data to look out for this week would be earnings coming out. Sentiments would be dominated by earnings this week and China’s PMI data coming out this tuesday. After China’s Politiburo meeting on the 24th July, their stance and tone seems to have changed. They are now on an all out measure to turn their economy around after many quarters of slowing down.

STI

STI 30th July 2023

STI rebounded as mentioned last week earnings from UOB helped to push the three banks as results were promising and hitting expectations. For this week, we could see STI testing the 3400 level as see momentum coming in. At 3400 level, there could be resistance and it would be good to take some profits there. Many of our stocks that we have been alerting our clients to have been hitting their targets and its time to take some profits off the table.

HSI

Hang Seng Index 30th July 2023

The Hang Seng Index, the beast of the east has finally unleased its power! Up about 7.5% As mentioned previously, we expected hong kong to rebound after holding critical levels. And after the Politiburo last week, China is stepping up efforts to grow the economy as worse than expected data started to flow out from China. This could help rally stocks for the short to mid term as China badly needs a big stimulus to grow and attract foreign investors.

For this week, we do see a continual momentum towards the 20119 level first. We’re targeting 20652 for the next two-three weeks. Not in a straight line but good chance to see it as investors who missed out will have to chase prices now.

Head over to our facebook for updates of the S&P 500 and Nasdaq.

Yours

Humbly

Kelwin & Roy

 

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

Kelwin & Roy Stock Market , , , , ,
23rd July, 2023, 3:49 PM

We get really excited whenever we see a pullback in the markets especially in the US. When market run away too fast and too high that’s a big of a danger as most would jump in on fear of missing out. Furthermore the greed and fear is current at 82 under the extreme greed region. As the old saying goes when everyone is greedy, be fearful. =) When everyone was fearful, that’s when we should be greedy.

For this week, the most important event would be Fed meeting. Market as a whole is expecting a 0.25% increase this coming Wed. There is a 99% chance that Fed will hike.


Source: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

How much of this priced in? Could US market finally have some pullback after this rate hike? We’re hoping so and also depends on what the Fed says after that. Could this be the last or one more time in sept? As inflation is coming down would there still be a need for a second hike? Watching the statement is more important than the hike itself.

STI

Straits Times Index 23rd July 2023

Source : DZH International advisor 23rd July 2023

STI inching closer to our 3300 target as we continue to see a rebound in the STI. For this week, we might continue to see some rebound as an increase in rates could help prop up banks which supports our STI. OCBC has found our target while hot stock Sembcorp Industries also saw some rebound. Overall, STI is starting to see more action after a pullback last month.

HSI

Hang Seng Index 23rd July

Source : DZH International advisor 23rd July 2023

HSI saw a pullback for last week after dismal reading of its GDP! It came in lower than expected which saw traders taking the chance to take profits off the table.  It managed to find some support and not head back to the 18,500 level. This is a good sign as market is forming a higher low pattern. We could be looking at market testing the 19700 region as a base is starting to form. Once again, big tech stocks are also firming up and we could see more upside. JD, Tencent are on our radar.

Head over to our facebook page for more updates on the S&P500 and Nasdaq.

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy Stock Market , , , , ,
16th July, 2023, 10:35 PM

Another week up for markets as we saw the HK market came to life after Ant’s crackdown has ended. US markets also performed well after inflation data came in softer than expected. Overall, positive sentiments continue to flow and many of our HK and SG selections are all giving us good returns.

For this week, there are three key events to look out for.

  1. Its Earnings time. Second quarter earnings season gets underway as major banks started reporting last week. Expectations are low going into earnings and with earning beat we might see market moving up. Tesla will be one of the Mag 7 reporting its results on Wed! Head over here to look out for your company that are reporting. Remember, if you’re holding great companies for the long term then going into earnings wouldn’t be too much of a concern. BUT for those trading short term, holding over results is always a risky plan and its not something we would like to do.
  2. China economic data. China’s GDP Data will be coming out on Monday and any slow down might give rise to hopes of a stimulus from the Chinese govt. Gross domestic product is expected to have grown by an annualized 7.3% in the three months to June, compared with growth of 4.5% in the first quarter. Industrial production will also be out.
  3. US core retail sales (MOM) expecting a rise in that from 0.1 to 0.3%

We did see some profit taking coming in on Friday which is perfectly normal given such a strong run.

STI

As mentioned last week, we were expecting a rebound for the Straits Times Index and rebound it came! Pleasantly surprised with the strength as we saw banks being scooped up after being smashed down. We can see that STI being resisted by that downtrend line. We do think that the market might break it and test the 3300 resistance level. Many blue chip stocks are seeing a nice rebound for last week. SATS, SGX, Capitalland invest are all doing well. Special mention for Seatrium which saw a 18% move just for the week. Glad we caught this move too!

HSI

Hang Seng Index 16th Jul 2023

Short covering and bargain hunting stay the tone for last week as we saw the hang seng index roaring back. Tech stocks like baidu, tencent and ALIBABA all saw nice returns for the week. During such run, using DLCs could potentially upsize your profits! For this week, momentum could still carry on and we could be looking to test the 20k mark once again. There is heavy resistance there and it needs to build a base before taking it out. China data could provide some boost too. Don’t miss out on this rally and we hope you got in for some long term positions on the hong kong market.

Head over to our facebook for more updates and levels to look out for for the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy Stock Market , , , ,
9th July, 2023, 3:21 PM

S&P500 ended the week down of about 1.2%. Why are we excited as in the picture you might ask. Well, as we been bullish for the year and do want to add more positions into the market so of course when the market is down we are excited. =) Are you too?

Greed & Fear index still at the extreme greed currently at 78 we are waiting for it to drop further before making an entry.

For this week, with Alibaba giving a boost to the HK market as China ends Ant’s Group regulatory revamp, this might raise hope of China ending it regulatory tightening on big tech. So we could see the upside coming in for HK.

Over in the US, earnings season is starting. With major banks reporting this Friday like Citibank, JP Morgan and Blackrock, this could bring the markets into some volatility. Keeping a lookout especially for the MAG 7 stocks which is a barometer of the economy.

STI

Chart Source: DZH International 9th July 2023

Our Straits Times Index dropped below our uptrend support line as banks and blue chips pulled back especially Sembcorp and Keppel Crop as they were the front runners for the STI for the past few months. Pullback is timely so that those who missed the rally can finally get in. But of course the time to re-entry is not yet. At least for us. We’ll be waiting for a base to form for Sembcorp Industries before deciding an entry. If you want to be informed of our next entry, ensure you’re in our telegram channel to receive all the latest updates and alerts.

STI could see a rebound this week as its coming close to the 3100 level. SATS looking strong despite the weak week.

HSI

Chart Source: DZH International 9th July 2023

HSI once again imploded over the week BUT saw some light at the end of the tunnel as China ends it crack down on Ant group. This could be a good sign for the overall market and even better for Alibaba’s shareholders. HSI looking like a double bottom forming around the 18k level which is crucial. HSI has to stay above this level although a crack and rebound is one of the option to wash out weak hands.  We could see HSI having some bargain hunting this week.

Currently market is looking for more stimulus as China badly needs a boost to their slowing economy. With this pullback, remember of your proper allocation into the markets. We are positive for HK but the proper allocation into the different markets matters too. Are you too heavy into the HK market? Need help in re-balancing? Let us know. We could shed some light.

Head over to our Facebook to find out more about our views on the US markets. IS IT TIME TO BUY?

Yours

Humbly

Kelwin & Roy

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

Kelwin & Roy STI , , , , ,
2nd July, 2023, 9:45 PM

US markets ended up in the green with a strong push despite Fed gunning for a two consecutive rate hike. It seems that nothing can stop this rally! Its good news for us of course as we are already positioned in the market. BUT of course, we would like to add more shares in. For those who haven’t gotten in due to all the fearmongers out there. One way is to start dollar cost average. We’ve been bullish since the start of the year and have been updating as much as possible but if all else fails, then star your dollar cost average as soon. YES, it may seem high now but what if market moves up to 4800 by year end? Can you afford to miss that??

Once again, we’ll update more in our upcoming webinar this coming Wednesday. Don’t miss it as we got lots of important stuff to go through. You can sign up over HERE .

source: https://edition.cnn.com/markets/fear-and-greedSource:

The greed and fear index is currently into the extreme greed. If you ask me to enter the US markets now i would be hesitant. When it was in extreme fear back in march that’s when we entered the markets. So for now, we wouldn’t mind waiting for a lower entry.

Still lost on what to do with the markets? Let’s chat more this coming Wednesday in our webinar.

So what to look out for this week? Its a shorter week for US as they celebrate Independence day on 4th July. Fed minute meeting will be out this week. Other than that nothing really exciting for the markets yet.

STI

STI 2nd July 2023

Chart Source: DZH International Advisors 2nd July 2023

STI showed some resilience through the week and remain supported at that uptrend support line of 3186. For this week, with the positive sentiment of the US, we might see an attempt to move up to the 3249 level first. STI is looking like a sideways consolidation with any of its underlying blue chips not really going anywhere. SIA saw a big gap down on Temasek sold some of its stake on Friday. Importance of not chasing when the price has risen too much. June holidays are over, with the next half of the year starting, we should see the market start picking up as traders come back from their leave.

HSI

HSI 2nd July 2023

Chart Source: DZH International Advisors 2nd July 2023

HSI was a in sideways movement for the whole of last week. Critical support remains at 18522. China’s caixin PMI data will be out on Monday morning. This could set the tone for the week. A weaker data could spur more stimulus down the road and a stronger one might give some hope that China’s market is starting to get back on track. Overall, we need more stimulus for the HSI to move which is currently lacking. After the initial wave of stimulus, HSI has gone flat is awaiting more action.

Head over to our Facebook page for updates on the US markets as we are seeing more moves over there.

Yours

Humbly

Kelwin & Roy