Month: October 2023

The Week Ahead Oct 2023 โ€“ [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , ,
8th October, 2023, 11:43 PM

What a week! What a comeback! Despite the stronger than expected NFPย  data on Friday night markets reversed their loss with the S&P closing up over 1%! This is an encouraging sign that market could be done with bad news and could even be a sign of more upside to come!

The CNN greed and fear index tipped into extreme fear during the week which was something that we were looking for! Are you fearful? Or are you taking advantage of this pullback to add more quality shares?

For this week, two key events to look out for. 1) Fed meeting minutes, this continues to give guidance on where the Fed stands with interest rates. Take note of the tone and choice of words. 2)ย Core CPI coming out this Thursday will be something that market will be keeping a close eyes on. Expect some volatility to set in then.

STI

Our Straits Times Index started the week weak slamming down close to our support before bouncing off. Cut loss were triggered and as a trader we got to follow our trade plan and be disciplined about it. Recover from this some setback and grow stronger! For this week, we do see STI moving higher to break above that downtrend. Resistance at 3180 could be broken and we could first see a test to 3200 then 3230. Banks once again looks good for recovery.

HSI

The Hang Seng Index also tried to hold on despite breaking Aug low. A fake breakdown could have happen as it managed to regain its footing towards the end of the week. The hang seng index is above its 5ema and could be looking to test its 20ema of around 17731 this week. This resistance is significant as it hasn’t broke past it for the last month or so. A break above this could signal a change in trend for the HSI. Fingers crossed and our first upside level we could see is 18552.

To know more about where the S&P500 & Nasdaq is heading to, do head over to our Facebook Page.

Yours

Humbly

Kelwin & Roy

From Debt to Wealth: Conquer Your Mortgage and Generate Additional Income

Kelwin & Roy Stock Market
2nd October, 2023, 5:07 PM

 

Following our sold out PHYSICAL SEMINAR IN JULY We are excited to bring you another hotly talked about topic.

“HIGHER for LONGER!” is currently unsettling both the markets and homeowners.
With interest rates expected to remain high for an extended period, impact could be profound and ultimately detrimental to your finances. In a high inflation, high-interest rate, low-growth environment, every cent saved and making your money work harder becomes crucial. ๐Ÿ’ธ

๐Ÿ“ขJoin us on October 14th for our Face to Face Seminar to gain valuable insights on optimizing your financial resources through loan refinancing. Our mortgage specialist will share his expertise in restructuring home loans in order to save cost and propel you to your financial success .

Don’t miss this exceptional opportunity to transform your mortgage situation. Here’s what you’ll learn:
โœ…When is the best time for refinancing?
โœ…Which is better: Fixed rates, floating rates, or a hybrid?
โœ…Is a long or short loan tenure preferable?
โœ…Mortgage Insurance: Reducing or Level Term?
โœ…How to generate extra income to cover mortgage costs?

๐Ÿ‘‰ Reserve your spot now to learn about safeguarding your mortgage ๐Ÿ , achieving financial stability in emergencies, and establishing passive income streams for long-term success. ๐Ÿ’ฐ

Date: 14th October (Saturday)
Time:
10am to 12pm โ€“ Presentation
12pm to 130pm โ€“ Lunch and Networking
Ticket Price: $8 inclusive of lunch (Fill in Goggle form link below for yourself and your friends and we will register for you for FREE as our guest !)

https://bit.ly/14oct23seminarFromDebttoWealth

Venue: Raffles City Tower Level 6

Do reply only if you can make it as lunch will be provided from our own pockets and to prevent wastage of food on that day.

Yours

Humbly

Kelwin & Roy

The Week Ahead Oct 2023 โ€“ [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
1st October, 2023, 11:51 PM

Sept is over! Time to wake up? As repeated many times, Sept is seasonally weaker and we saw US market pulling back about 6-7%. No real surprises there with many issues coming up like Fed holding rates for longer, inflation creeping up and an impending govt shutdown. The CNN Greed & Fear Index is now very near the extreme fear side. Do you smell an opportunity?? Or are you as fearful as everyone?

Source: CNN Greed & Fear Index

This week, the Hong Kong market will be closed on Monday and China market willย  be closed for the whole week due to China’s golden week.

STI

The Straits Times Index showed sign of resilience as it bounced off the 3180 support. It it currently resisted by the 20ema of around 3220. As the last quarter begins , we could see funds reshuffling their holding and could see our market being supported and moving up. As Hong Kong is closed on monday, we may see a slower start to the week and a challenge to 3250 is possible. Looking at banks to lend support to our STI.

HSI

The Hong Kong market will be closed on Monday and will resume trading on Tuesday. The Hang Seng Index has been defending the 17500 level for the past week and have shown a positive sign with a bullish candle on Friday. It went up over 2.50% which is encouraging but stopped at the 20ema. For this week, we could see the hang seng index overcoming this resistance to bring it to 18522. It has tested the 20 ema three times and could hover for awhile before a final break! Keep a close eye on it. The trend could be turning.

Head over to our facebook page to find out more about what to expect for the US markets.

Yours

Humbly

Kelwin