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

26th November, 2023, 11:02 PM

We can see the momentum in the US market is slowing down. After a huge rally its not uncommon for market to slow down. The Greed & Fear index which is one of the tool we use for reference is in the GREED quadrant currently. We could still see market push into the extreme greed before we start to get more cautious. S&P500 could push up to around the 4600 before some pullback. The Nasdaq has already broke above the previous high and also hovering around there.

For this week US inflation data will once again be looked at. Data will be out on Thursday which could bolster the case for an end to the Federal Reserve rate hikes.

China is to release official purchasing manager indexes for November on Thursday, with investors on the lookout for any signs of a recovery in the world’s second largest economy.

STI

Our Straits Times Index as mentioned before is lackluster with not much catalyst. It has been going sideways as our banks has been coming down after their results. We could see the STI heading lower should US side start to pullback. 3050 once again could be a support level before bouncing up again. Most blue chips are also in a sideways trend. We’ve been looking at S-reits as interest rates could have peaked which is good news for Reits.

HSI

The Hang Seng Index also couldn’t push above its resistance line despite good closing from US side. For this week we could see the HSI head down towards the 17k level. HSI has been trying to find footing but with every rally it pullbacks. Not the best signs for now and for trading wise one got to be fast for HSI until the trend changes. Don’t expect too much on the upside and take your profits fast rather than facing the whiplash. Until HSI can stay above the downtrend line, we could see range trading so be fast!

Yours

Humbly

Kelwin & Roy

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

13th November, 2023, 10:29 PM

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

Us ended with a bang on Friday night as the party carried on. Nasdaq was up 2% as short sellers rush to cover their positions as the bulls got stronger. As market closed on Friday Moody’s came out with a cut on US outlook credit rating from stable to negative. US futures was off a little and the true impact could only be felt when market opens. This wouldn’t be too concerning with probably a knee jerk reaction.

What market would be looking for this week? CORE CPI tomorrow night (tuesday night US). A favourable number could rule out any rate hike for dec bumping the probability to even 90% . This could further fuel the rally which we are witnessing and hopefully you have benefitted from too . So eyes will be on that.

STI

Source: DTZ 13th Nov 2023

Our Straits Times Index hit our first resistance target of 3182 and started pulling back from there. The first support of 3120 didn’t hold which means we could now see the index drop to 3080 as the next support. So far banks have reported their results with mostly being inline with expectations. Not much catalyst left for our market expect to follow the general sentiments. With Nov and Dec seasonally being better months, we could see general bargain hunting for the market which could lift the index. Looking for a base to form around 3050-3080 level before a bounce.  Also, IFAST does look a little extended and a pullback could be around the corner.

HSI

Source: DTZ 13th Nov 2023

The hang seng index had a good rebound hitting our 18k resistance. Although we would have liked the HSI to rebound further the rebound was short lived and selling resumed. We were looking out for the 5ema support which didn’t hold thus saw more downside for the HSI. One last support would be at the 16900 level. HSI was open on monday and it held its ground pretty well. It is still in a down trend and only staying above 18k then would we consider that the trend might be reversing. For now resistance at 17500. Breaking this could see it move up to the resistance of 18k. Looking bullish to us.

Your

Humbly

Kelwin & Roy

Supplementary Retirement Scheme (SRS): What you need to know and how to maximise it

9th November, 2023, 9:21 PM

It’s that time of the year! Its time to do some financial housekeeping! With the year ending it is important to get our financial health in check and in order in preparation for the new year!

One housekeeping tip is to maximise our Supplementary Retirement Scheme or SRS for short. More than an account that gives you tax relief, the SRS main purpose is to help you save for your retirement.

Also, we’ll be covering the latest in the markets, with so much hanging on Fed’s rate decision, will they stop their hike or will rates continue to increase? Are you still confused and unsure of what to do in the markets? Should we jump into the markets with an impending recession looming? Join us in our next webinar on the 15th Nov where we’ll dive into these topics.

1. -What is SRS and what’s so good about it?

2. Tips and tricks to maximise your SRS money based on your risk appetite

3. Should you continue to invest or sell and stay out?

4. Kelwin & Roy’s approach to investing.

 Details for the upcoming webinar🕗Date & Time : 15th Nov (Wed) 8-9:30pm
🔗Registration link : bit.ly/NovSRS2023

Invite a friend so that he or she can gain from this webinar. Don’t miss this if you really want to make a difference in your portfolio.

Yours

Humbly

Kelwin & Roy

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

5th November, 2023, 11:27 PM

We do apologize for the lack of updates to the public  but rest assured that our clients are getting full updates just like the one below.

We’re in Nov a seasonally stronger month and we have seen markets rebounding fiercely for the last week. We hope you have positioned yourself for this rebound and for the long term investors taking advantage of the pullback. We could be looking at more upside for the HK market while S&P approaches some resistance and might not rebound as much.

STI

Chart Source: DZH advisor 5th Nov 2023

The Straits Times Index broke out of its consolidated range with a general rebound in the blue chip. Banks led the gain BUT we got to be careful as DBS will be reporting their results before market opens on 6th Nov ( Monday). Outlook could be a little more cautious as the economy is slowing down and concerns about loan book growth could start impacting the banks. UOB fell after their results so the same fate could be for DBS.  OCBC will be reporting their results this coming friday(10 Nov) before market open.STI is currently at the resistance after covering the gap. We’re still positive for the week and could see STI make a break to 3186.  SATS will be releasing their results also on Friday so if you would take a trade do take note of that and try not to hold over the results.

HSI

Year to date the Hang Seng Index has been rather disappointing BUT this could be changing as China is trying their very best to kick start their economy. The HSI broke out from its mini consolidation and this could now bring us to the 18k level and even 18500. It has broken above its 20ema resistance too which is a positive sign as it has always been resisted by that. Many stocks like Tencent, Alibaba, Geely are all breaking out too. Don’t miss this opportunity as this is the first day that HSI broke out. Many shortist will have to start covering if the rally gets stronger which could then add to this rebound. Looking to a positive week.!

Head over to our FB page for more updates on the US markets which you don’t want to miss.

Yours

Humbly

Kelwin & Roy