The Week Ahead June 2022 – [STI, HSI, NASDAQ & S&P]

5th June, 2022, 4:29 PM

The Week Ahead June 2022 – [STI, HSI, NASDAQ & S&P]

Market around the world didn’t end Friday on a high note as traders looked to book profits. Oil broke out during the week as market tried to find footing despite Euro’s inflation numbers coming out hotter than expected. Inflation number is still what market is looking out for as a higher inflation might force the hands of fed to increase interest at a much higher than anticipated pace.

This coming Friday would see the Core CPI numbers which measures the changes in the price of goods and services, excluding food and energy  a sense of where inflation is.

STI

STI tried to break above our resistance but didn’t manage to have a clean and successful break. We added in an extra short  term uptrend line which might act as a support. STI is still trying to gain some form of momentum but if the upside can’t hold then we need to be cautious.  For the moment, we still see opportunity on the long side as we from our previous post on the Electronic sector with AEM taking the lead and UMS having a breakout on Friday. OLAM in particular is also doing well. So there are pocket of opportunities!

HSI 

HSI has reached our upside target and beyond before a pull back. The rebound has came in as previously mentioned very good given current market conditions. We have drawn a short term uptrend line which will act as the support for any downside for now. For this week, we’re expecting some consolidation for HSI and unless we see the 5ema being broken above then we’ll look for a long opportunity. The good thing about HSI is that its making a higher low and it shouldn’t pullback beyond 20k if not our uptrend is invalid.

Head over to our facebook for more updates on S&P500 and Nasdaq for the potential levels we are looking at.

Yours

Humbly

Kelwin & Roy

The Week Ahead May 2022 – [STI, HSI, NASDAQ & S&P]

29th May, 2022, 3:36 PM

The Week Ahead May 2022 – [STI, HSI, NASDAQ & S&P]

Markets especially in the West saw more of a rebound while Asia markets tried their best to remain positive for the week. S&P 500 managed to close above the 20ema which hasn’t happen for the last few months. In the fed minutes meeting this week , they continue to take an aggressive stance towards inflation but market has seem to be used to the idea of a rising interest rate and didn’t react much. Things are looking up for the week so do read on to find out more.

STI

STI saw weakness at the start of the week but managed to fight its way back to close flat for the week. Banks are shaping up in the market as DBS manages to stay above its 5ema. A positive for a short term rebound. STI is currently above the downtrend line which is a good sign so we might see it break above the 20ema to move up to 3297 for the coming weeks. Looking out for rebound opportunities for our local markets.

HSI

HSI also managed to break the downtrend which we drew and mentioned last week signaling a promising rebound. It is also above the 20ema and might challenge the 21262 level and maybe even higher for the week. Shanghai is edging towards opening up while Beijing is easing up which are positive signs for the Chinese markets. Looking for more upside for the week and even for oil related stocks for some rebound.

Keep a look out for the potential rebound and as usual, don’t overleverage on your position as no one knows if this is the true bottom for the markets or even how high this rebound might go to. For traders, it is utmost importance to be fast to react and with June approaching, markets will be looking to inflation data once again for more directions.

Head over to our facebook for more updates on S&P500 and Nasdaq for the potential levels we are looking at.

Yours

Hubmly

Kelwin & Roy

The Week Ahead May 2022 – [STI, HSI, NASDAQ & S&P]

8th May, 2022, 4:28 PM

The Week Ahead May 2022 – [STI, HSI, NASDAQ & S&P]

Another volatile week as US markets swung to both the up and down and settled down at the end of the week. Markets around the world continue to face downwards pressure as Fed increased rates last week and the 10 year yield curve crossed over the 3% mark. We continue to watch and wait for more signals for the  US markets.

Key Events to Watch For 

US companies continue to report their results this week and also on Wednesday, the US CPI numbers will be released.

Wednesday – CPI numbers

Thursday – US PPI

Markets will probably be watching these numbers to see how inflation has been so far.

STI

STI was in range for the week and is now sitting at our support of around 3297. The support doesn’t look like it might hold as market hasn’t found a firm footing yet. The next downside support is at around the 3250 area. But meanwhile, there are still pocket of stocks still moving up like the coal related stocks. Our local banks are also taking a break and might see further downwards momentum.

HSI

HSI also came off to the support of 20k once again and it does not seem like it’ll hold at this price. Short term as mentioned we’re not bullish as yet as HSI can’t break the downtrend line and can’t remain above the 5ema too. Downside support at around 19490 level as HSI continues to find a base.

For more analysis on the US market and where it might head to, you can click HERE

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

The Week Ahead April 2022 – [STI, HSI, NASDAQ & S&P]

24th April, 2022, 8:30 AM

The Week Ahead April 2022 – [STI, HSI, NASDAQ & S&P]

Dow Jones PLUNGES more than 900 points for its worst day since 2020! US markets are having a rough time and if you’re an invested in the US markets, its natural to feel fearful or SIAN. Fed’s Powell spooked the markets as he said a 50 basis point for may hike is very possible which sent market into a nose dive.

As retailers are scrambling for the exit, we hope you’re invested into good solid companies that can withstand the test of time. TESLA is one of them, despite all that the market is going through, we can see that TESLA is still standing strong. More earning results coming out this week so be alert. To find out more when are the other companies reporting results, you can head over HERE. 

STI

And STI has pulled back to 3300 level as mentioned last week. After testing that level some rebound came too. Even though STI came off, we still saw individual stocks moving up and hitting our targets.  It is currently resisted around the 3360-3371 level. With US very weak closing, we might see some negative sentiments flowing in first. With Singapore relaxing more of its measure and going back to pre-covid norms, we might see STI inching out a gain this week.

HSI

HSI also came off as expected. It covered the gap to come down close to 20k support level. We’re still not bullish  for the short term and would be looking out for signs of a reversal first. If we look closely, the 5ema has been pinning down the index and it hasn’t been able to stay above that. In addition, the downtrend is also pinning it down. So waiting for further signal to turn short term bullish. For long term investors, once again, opportunities arises!

For more analysis on the US market and where it might head to, you can click HERE

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

 

 

The Week Ahead 2022 – [STI, HSI, NASDAQ & S&P]

2nd January, 2022, 4:21 PM

The Week Ahead 2022 – [STI, HSI, NASDAQ & S&P]

Bye bye 2021 and hello 2022! S&P finished well for the year with nearly 27% gain 🎉as it closed near record high! It has been a good year for the markets and we hope that you managed to benefit from it too! Going into 2022 we might not see such gains but none the less we’re here to navigate through the times with you! Rising inflation, fed tapering, increasing interest rates and Omicron are some issues markets will have to deal with coming this year.

Key Events to Watch For 

Tuesday -Wednesday – ADP Nonfarm Employment Change (Dec)

Thursday – Initial Jobless Claims , ISM Non-Manufacturing PMI

Friday – Nonfarm payrolls, Unemployment rate

Technical Levels to Watch For This Week

STI

STI had a decent gain for the year of around 9% not too bad given STI’s reputation. Well, at least it out performed HSI and didn’t get mentioned as the worst performing index. So something to be thankful for!

As we head into the new year, there is some growing optimism for Singapore as we are recovering from Covid-19 and trying to open up as much. With VTLs currently being suspended, it will take awhile before we turn the corner again. Also, Singapore is bracing for more omicron cases which might delay some progress in this area.

From the technical point of view, STI closed just at the 20ema but we would want to see a nicer closing candle for more upside to happen. With that our next upside target is around 3168. Electronic stocks are showing signs of rebound. Stocks like ISDN, UMS, AEM are currently in play.

HSI

One of the worst performing index is the HSI. It started off well but ended the year down close to 13%. It is still below our uptrend line but it did hit the long term uptrend line over HERE. It is still below the 20ema and unless it can break above that then we might see a nice rebound for the start of the year. A rush of short covering and bargain hunting probably caused a nice bump up towards the end of the week.

Upside resistance of 24000 is our first target.

For more analysis on the US market , you can click HERE!

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

The Week Ahead (11) – [STI, HSI, NASDAQ & S&P]

12th December, 2021, 10:02 PM

The Week Ahead (11) – [STI, HSI, NASDAQ & S&P]

It was a week of rebound as we saw markets having a rebound after the omicron scare. If you follow our post last week you would have read that we were expecting a rebound given that the greed & fear was at the extreme fear side. 😀

The S&P 500 and Nasdaq Composite added 3.8% and 3.6%, respectively, last week — the best since February for both indexes.

Are we setting ourselves up for a year end rally? Read on to find out more! But before that, lets see what are the key events to watch out for this week.

Key Events to Watch For 

  1. The Fed will hold its final meeting of the year on Tuesday and Wednesday and Chair Jerome Powell and his colleagues are expected to discuss accelerating the wind-down of the central bank’s $120 billion a month pandemic-era asset purchase program. This might cause some volatility in the markets as they look to see what will Powell do with regards to inflation which can no longer be ignored.
  2. The U.S. is due to release data on producer price inflation on Tuesday, which will be crucial to see how inflation is like and market might react to it too.

Technical Levels to Watch For This Week 

STI

STI also saw a rebound too as banks, commodities saw some bargain hunting. STI punched through the 5ema, gaining grounds above that uptrend support. It came very close to our first rebound target of the 20ema at 3160 level. For this week, we might see some profit taking and a test of that 20ema. A break might take us to 3208. 20ema is usually not an easy resistance to break so it’ll require some good momentum to push it through it! We’re still bullish for a year end rally! But if STI can’t pass the 20ema it might start to gather around 3130 area to store some energy before a move.

HSI

HSI was off to a shaky start but the support held well and we saw an eventual rebound that came for the week. HSI is halfway through the rebound and its sitting just at the uptrend which we drew. We might see a further push to 24667 if events this week don’t give markets any scare as Fed start their last meeting for the year!

For more analysis on the US market , you can click HERE!

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

The Week Ahead (10) – [Omicron Dominating Headlines! ]

5th December, 2021, 10:25 PM

The Omicron variant still dominating headlines as the world comes to grips with this new variant and scramble to try to contain it. There is still much  to understand regarding this variant and its still early to that we’re out of the woods.

Some updates on Omicron that we know so far :

  1. Early Clinical observations globally suggest Omicron Covid-19 variant may have higher reinfection risk.
  2. Omicron possibly more infectious because it shares genetic code with common cold coronavirus! We’re not doctors but with it being more infectious it might also be less deadly! hopefully this is true and this might not be so worrying!

And with about a week into the news of Omicron markets have slammed down as mentioned in our previous post. In addition to that, Fed has also mentioned about quickening their tapering program! These mix caused the markets to tanked BUT there are some interesting opportunities lying around the corner.

In fact, the greed and fear index is actually almost at the extreme fear side which might spell some opportunities for the sharp eye! This is by no means an indicator to buy but if you observe from past history whenever the Fear & Greed hits the extreme, market tends to rebound. A SANTA rally could still be possible!

Image source: Money.cnn.com

Quoting from Warren Buffet, “Be fearful when others are greedy. Be greedy when others are fearful.” Look for great companies like APPLE, META, AMAZON, TESLA, VISA and even ALIBABA for opportunities to scale in!

Recap for STI & HSI 

As expected both markets has slammed down hard over the week BUT has come to our level of support. Electronic stocks in Singapore gave us a surprise and held up well while the general market shifted into negative territory.

Alibaba took center stage as it continue to move down. Didi has also announced its delisting on the US stock exchange which sparked a sell off on China stocks listed on the US exchange on fear of more delisting.

Technical Levels to Watch For This Week 

STI

Our 3033 support held well and we can see STI is trying to rebound and is currently resisted by the 5ema. A break above that might it move to around 3160 level. Downside support at 2994. Banks are leading this rebound.

HSI

HSI has also come down to our support and it does look like it might have some room for rebound. If it can start trading back into that uptrend line then we might see HSI going for a rebound in the near term, if not our next support level is around 22530.

For more analysis on the US market , you can click HERE!

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

The Week Ahead (5) – [STI, HSI, NASDAQ & S&P]

31st October, 2021, 4:27 PM

Good Day to all and yes we’re in the month of November already! And did you know that November is a seasonally better month for the markets? Some reason could be markets corrected in the previous months, market also anticipating pick up in business for the year end which might translate into short term  movement for share prices.

Singapore has also crossed the 5000 mark for covid cases, which we hope is a one time anomaly but it might be the norm in time to come too.

We’re hopeful for the month of Nov so lets dive into what we’re looking at.

Recap for STI & HSI 

STI remains sluggish ever since touching our 3200 resistance with a slight touch near our next resistance of 3200. Although US made new high our market failed to push higher. Only banks were moving with other blue chips generally on the decline.  As previously mentioned penny stocks continued to move up as focus shifted from blue chips to those small cap stocks. Energy stocks also saw a decline which might spell out some opportunities!

Over at Hong Kong, some what same story as HSI continued to be resisted by the resistance we drew. Mostly automakers were moving up while the tech stocks were declining. Also during the week, some China, US news caused some neagtive sentiments in the market.

Key Events to Watch For 

Earnings continue to take center stage as Wall Street look to company’s earing for growth and the strength of economy. Forward statements are important as this tells us if the company is bullish going into the rest of the year.

Singapore banks will be reporting soon so that might give a boost to the market depending if they meet market expectation and whether their forward statements are positive.

ISM Manufacturing PMI for Oct on Monday (1st Nov) is one data to look at,  ADP Nonfarm Employment Change, ISM Non- Manufacturing on Wed (3rd Nov)

FOMC statement and FED rate decision on 3rd Nov will be what market will be looking to for guidance. Then jobless claim on thursday and unemployment numbers on Friday to see the strength of US employment.

Also keep an eye on US and China tensions too.

Technical Levels to Watch For This Week 

STI

STI holding on to its short term uptrend line with resistance of at around 3200. If STI breaks that uptrend line we might see a pullback to the 20ema of around 3168. This is a healthy pullback to us and we’ll take the chance to trade some beaten counters. We cautioned not to be aggressive in our previous post as STI’s momentum started to slow down and nearing key resistance of 3200 where profit taking did come in. For now, we’re adopting a bit of wait and see approach with E stocks, Ifast, SATS all in our watchlist. =)

HSI

We’re also seeing weakness in the HSI with it hitting our resistance. It is currently at its first support which we think that it might break. We might see HSI moving lower for the week to around the 25k level. The 5ema is currently sloping down which is not a good sign if you’re long. So near term some weakness might come in.  Tech stocks hasn’t stabilize yet as in our last post so we’ll continue to watch it for the week.

Trade safe and remember to have a sound trade plan!

To know more about the outlook for S&P and Nasdaq, just CLICK HERE!

Have a good week ahead! Drop us a message if you want to discuss further!

Yours

Humbly

Kelwin&Roy

 

Trump-Kim Summit – [ Impact On STI]

11th June, 2018, 8:15 AM

Trum-Kim Summit – [ Impact On STI]

Photo Source: intellasia.net
Chart Source : Poemsview 11th June 2018

The highly anticipated Trump-Kim Summit is finally going to happen on the 12th June 2018.

A little like a korean drama where the summit was moving on as planned, got cancelled and finally it’s going to happen.

Both Donald Trump and Kim Jong-un are in Singapore along with thousands of journalist covering this historic event.

With regards to the impact on our local markets, this significant event might not have that much of  an impact on our markets. Most are expecting a successful summit between President Donald Trump and North Korean leader Kim Jong-un but wouldn’t expect a very detailed plan on the denuclearization on North Korea’s part.

Most would expect a positive spin on the summit which could lead to further discussions. What might be negative is that talks break down and nothing is achieved.

What might impact the market more would be the upcoming Fed meeting ending Wednesday which market are expecting Fed to increase rates.

Trade Wars headlines could continue to rattle the markets. With the trade war going on, this could continue to bring uncertainty to the markets.

World Cup is starting on 14th June at 10pm which also could have some impact on the markets.

Overall, given June is a quieter month given its the June holidays where most traders are away with their families, we could see STI having some swings as volatility continues to take center stage. With lighter volume this increases the chance of bigger swing.

We might See STI heading down to reach our lower support and only when it breaks out of the downtrend line then we might be more convinced of an uptrend.

Our STI support might be around 3397-3405.

Be a CLIENT To get the LATEST UPDATES and ANALYSIS from our Top Tier Remisiers Kelwin&Roy.

Yours

Humbly

Kelwin &Roy

STI – [ Another Round of Updates]

20th February, 2018, 9:26 PM

STI – [ Another Round of Updates]Straits Times Index 20th Feb2018

Chart Source : Poemsview 20th Feb 2018

Straits Time Index (STI) had about 150 points rebound since the low of 3340 on 9th Feb. We been actively updating everyone on the movement of the STI since dow dived 666 points on 4th Feb spotting opportunities for a rebound.

Since then we been updating every few days over 3 post in under 2 weeks and never leaving our community alone at such time. We hope our readers have learnt a thing or two and made good use of the pullback.

For now the Straits Times index is currently resisted at around 3491 which is also near the 20 days moving average. We have seen the index making a good come back since our post . And one should lock in some profits at least.

STI could consolidate before making its move up. Some pullback to 3440 levels would present some chance for entry and a break above 3491 might see more upside to 3525 level.

Once again, if you don’t want to be left out and would like a guiding hand feel free to Contact Us.

We’re in the midst of compiling another list of stocks and hope you’ll be able to join us. =)

Click HERE if you are serious about joining our exclusive community where we’ll reveal our next TOP5 stocks that we’re looking at!

We got a team of top tier remisiers waiting to serve you.

Yours

Humbly

Kelwin&Roy