STI

The Week Ahead Oct 2023 – [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 NFP  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) 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

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

Kelwin & Roy STI , , , , , ,
24th September, 2023, 11:02 PM

The S&P500 and Nasdaq both posted worst week since March after Fed meeting. As always, we warn not to take up too much positions before any major events. Fed didn’t hike rate as anticipated BUT it always mentioned that it won’t be cutting rates that aggressively in 2024 which saw market selling off. The 10 year yield also started moving up which puts more pressure on the markets especially on Nasdaq.

For this week, there are some critical levels to watch out for especially for the US markets.

S&P500

The S&P500 currently sitting on a first level of support of  4320 could see it move down lower during the week. We could see it test the 4264 level which coincides with the 200ema and the uptrend support line too. This could be the first level to scale in if you have missed out on the year’s rally. This level would represent about a 7% pullback and its well within a healthy market pullback. In fact, a 10% pullback shouldn’t be seen as a surprise given how much markets have ran up too. So get your ammo ready!

Nasdaq100

Nasdaq, the index that is more sensitive towards interest rates movement has already seen about an 8% pullback since the high. But don’t forget this is the market that has risen a whooping 45% for the year too! so an 8% pullback once again shouldn’t be too much to ask for. For the week, we could also see Nasdaq continue to drift lower. The 200ema or 14078 level could be a good point of support. Waiting around there to add more positions into the Nasdaq.

STI

The Straits Times Index pulled back more than expected as the negative sentiments flowed through Asia after Fed’s meeting. STI has found some support at the 3186 level but this might not be able to hold that well. For the week, we could still see more weakness coming in as STI tries to defend the 3180 level. The next critical support would be at 3120.

HSI

The Hang Seng Index saw a strong come back of about 2.2% on Friday as funds put US$1 Billion back into China markets. Investors picked up badly beaten up stocks like Tencent which came to its $300 psychological level. HSI could push higher to 18500 level this week but take note that whenever HSI rallies, it tends to fizzle out. So don’t be overly optimistic on short term rally and be quick on securing profits. The support of 17570 had been tested and is proving to be a credible support for now. Once this holds well we might really see the bottoming for the Hang Seng Index. Fingers CROSSED!

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

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 May 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy STI , , , ,
28th May, 2023, 11:40 PM

What a week! Nasdaq saw an awesome close with AI theme leading the charge! May is turning out to be a positive month for the Nasdaq but relatively flat for the S&P500. So can sell and go away in May be trusted? We stated our point at the start of the month in our blog hinting to more upside than selling and we hoped that you have benefitted from this.

Early in the morning, the white house and republicans reached a tentative deal to avoid US default. The deal will still need to be approved by House and Senate lawmakers by wed to meet the 5 june deadline.

Nasdaq has been running up quite a bit so it might be a case of running ahead of news and selling on the news so beware, don’t anyhow jump in!

Now if you have been bearish all this while, reading too much doomsday prediction, predicting the WORST crash ever you would have missed out the 33% gain just for Nasdaq this year.  OR if you’re still shorting the markets hoping for another crash but market keeps on going up. Then our upcoming webinar is for you. If you want to ride the next wave up but still not sure how to do it then we encourage you to attend this and change things around. It is still not too late and there is HOPE for a change! Sign up as soon as there are really limited slots left.

STI

Straits Times Index 28th May 2023

Chart Source: DZH international advisor 28th May 2023

STI saw a rebound as mentioned last week. Banks especially DBS led the rebound and our clients had first dips on it catching the rebound from 30.50. We could see $32 coming this week with positive sentiments out there. Still on course for our rebound target of 3260. We hoped you managed to catch this rebound. Singapore electronic stocks also saw a nice rebound largely led by chip makers overseas.

HSI

Hang Seng Index 28th May 2023

Chart Source: DZH international advisor 28th May 2023

Rather disappointed with the HSI as weakness continues to set in and even breaking through our 19k support. We got to see HSI regaining its 19k level by this week if not the downside might be ugly. 18500 is a crucial support and we wouldn’t want that to break. We would want to see a base being formed first before taking any action for now. If you want to get the latest updates on the HSI like our clients then just reach out and we’ll let you know how to be added into our telegram channel.

Head over to our Facebook to find out more about Nasdaq and S&P500 movement this week!

Yours

Humbly

Kelwin & Roy

 

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

Kelwin & Roy STI , , , ,
12th March, 2023, 10:54 PM

It was a disappointing week with Fed’s powell coming up with a hawkish tone that interest rate might continue to go up higher and longer. That sent the markets diving and to add salt to the wound, silicon valley bank (SVB) collapsed over a few days and many are concern over the ripple effect that it might have. Crypto bank silvergate also announced liquidation which added to the chaos. Overall, it has been a tough week ever since Fed’s statement.

Core CPI data another important data which market will be looking closely at to see if Fed will really raise interest rates by 0.5% in the next meeting. Expectations are rising for a 0.5% rise as inflation data is starting to point on an upside.

The Greed and Fear index is returning to extreme fear and we could see a rebound coming soon but with the rebound it will probably attractive shortist and people who needs to cut loss, hence any rebound will be met with resistance.

STI

STI continues to trend down as banks lead the downfall. As Fed continues to pressure the markets and with the fallout of SVB, our local banks also took a hit. We might see STI fall to the next support level of 3150 before planning our next move. Currently the downtrend line is also acting as a resistance. Waiting for a base to be formed first.

HSI

We can’t get the chart for the HSI out but after Fed’s meeting last week, we do see HSI following US with the selloff and with negative sentiments around we could still see HSI selling off a little more. Once again the sentiments has shifted and until we know how bad the fallout for the SVB is and how the CPI data next week is, any rebound will be met with short sellers. We did have some long positions when HSI pulled back and are we going to sell these? No! But we’re not adding more as yet till we see markets stablize a little more. No hurry for now.

As market is in a turmoil, head over to our Facebook for more updates on the US markets.

Stay safe and its the school holidays this week!

Yours

Humbly

Kelwin & Roy

 

 

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

Kelwin & Roy STI , , , ,
19th February, 2023, 8:00 AM

Markets played out towards our downside bias view as concerns about China’s spy balloon, inflation numbers all led to market coming off for the week. Adding to the pressure, the 10 year treasury yield is starting to bounce up.

If the 10 year breaks out of the 3.9% we might see markets, especially the Nasdaq pulling back even more. Overall, we might continue to see markets pulling back more in the coming week. So head over to our Facebook to know more about the levels.

STI

Straits Times Index 18th Feb 2023

STI has also come down to our expected support level at 3271 which we mentioned last week. Ever since hitting that, we saw some bounce but this bounce could be short lived to around 3336 before we see if come back down. Banks continue to lead the direction as we saw DBS leading the initial gains before profit taking set in after its results. UOB, OCBC will be reporting their results this week on 23rd and 24th Feb respectively. We could see another sell down as traders who bought before results might sell after results are released .

HSI

Hang Seng Index 18th Feb 2023

HSI also saw a pullback which we are excited about as this gives us an opportunity to continue to build our position in the Hang Seng. The HSI has pull backed about 8% from its high and we have gone in one batch for our investors. HSI might continue to pullback to close to 20K level which will present any opportunity. The Downtrend resistance line is currently blocking the index from moving higher and once we get a break of that, then we might see the uptrend resuming. Tencent which has been leading the charge for the index has for the first time see it close below the 20ema! This could signal more downside for the markets!

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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

Kelwin & Roy STI , , , ,
12th February, 2023, 6:47 PM

Fed made their statement last week and market had an initial reaction to the upside then started to retrace. The S&P500 also couldn’t break our 4200 and the greed and fear index was at extreme greed retracing slightly to the greed level. With the resistance hit, don’t forget to check out our facebook page to know more about our view with regards to the S&P500 and Nasdaq 100.

In addition, China’s weather balloon is causing some stir between the two world power. After shooting down the supposedly weather balloon, US has moved on to blacklist six entities linked to the weather balloon incident. How will this play out? As more information is gathered and if US continues to investigate this incident, more could be uncovered and if negative actions were to come, markets could have a  knee jerk reaction. Its important to see what further action US might take and will this be the end of the search. BUT any pullback to a good support level would be a good chance to continue to scale into the market.

Lastly, AI or artificial intelligent is causing a lot of hype in the market and the shares which we shared during our market outlook are seeing a good movement up. Will be sharing more stocks that we can look at with regards to this big theme! Look out for it!

STI

Straits Times Index 12th Feb 2023

STI has pushed lower to our 3336 target before having some rebound. For this week, STI will follow closely to the three major banks results with DBS kick starting tomorrow before market opens. With the results, that could set the tone for the STI to follow and we would watch it first before making any moves. Significant support at 3271. Upside resistance at 3392.

HSI

HSI also facing a pullback after its uptrend support and the next support would be around 20624. Would take the chance to scale in for the longer run as this pullback does present a good opportunity for those who missed out on the massive rally. HSI at 20k would be another area to consider scaling in. China/HK would also be looking to how US continue to respond in the latest weather balloon shooting. So keeping a close eye on that.

Do head to our Faceboook page https://bit.ly/singaporehumblestockweekahead13feb23 to get more updates on the S&P500 and Nasdaq100.

Yours

Humbly

Kelwin& Roy

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

Kelwin & Roy STI , , , ,
8th January, 2023, 9:31 PM

A very good day to all! And happy new year to our readers. The week ended up and this is an interesting read with regards to an UP week for the start of the year which we might see an up month and even an up year. DO take it with a pinch of salt.

https://www.forbes.com/sites/simonmoore/2023/01/03/how-to-assess-the-stock-market-january-effect-and-january-barometer-for-2023/?sh=63dfa1e4de62

Markets ended up despite the job data coming slightly above expectation and wages grew slower than expected. Markets were hopefully that Fed might change their stance with inflation numbers starting to tame off. This is a good sign as it can be seen that bad news is being absorbed. So in the near term, we might see more upside.

Greed and Fear index by cnn is also showing around netural.

HSI

You can just sense the excitement and the bullishness from our post! With Hong Kong/China opening up fully, this sets the tone for further rally and with every pullback comes an opportunity to enter . For a strong uptrend, first support would be at the 5ema (20600) then the 10ema of around 20500 and near the uptrend line. Ideal case would be 20k and that’s why bargain hunters would be out! Maintain bullishness in HK.

STI

Our dear STI actually outperformed the markets ending 2022 UP 5% while major markets like HSI and S&P500 all down over 20%.

So what will happen to our STI next week? With a positive close on Wall Street, we might see it move higher to cover the potential gap last May which could take us to around 3340! It is currently at the 5ema support and our banks are showing some bullish momentum which could help push the STI up.

You don’t want to miss our take on S&P500 and Nasdaq 100.

So head over to our Facbook page for a read

Yours

Humbly

Kelwin& Roy

 

 

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

Kelwin & Roy STI , , , ,
13th November, 2022, 3:44 PM

A fantastic week for those who are on the long side as market came back with a vengeance as thursday’s CPI data came lower than expected. This sparked a rally never seen for years and that is why TIME in the market is important! Many upside targets were hit as traders and investors all piled in the long side while shortist were forced to cover their positions. We might see some short term profit taking coming in very soon as the market has rallied quite a bit and so lets take a look at some levels that profit taking might set in.

STI

STI has exceed our upside expectation as CPI data helped lift the general mood up. It is currently at some resistance at around 3223 level but we still might see the Straits Times Index pushing up further to 3273 level. Indicators are starting to go into the overbought region but its not grossly overbought. There is a gap that will have to be eventually filled so we won’t want to go too heavy on the long side as many of our targets were met, so just enjoying the remaining ride.

HSI

Hang Seng Index is on FIRE as news of China finally easing up a little by cutting quarantine time. This is definitely a good step towards opening up and market can’t wait to rejoice. We might see further upside in the coming week as HSI had a nice closing, bouncing off the downtrend support line. Upside resistance at 17770 then 18360. Indicators pointing up and moving towards the overbought region. Enjoy this rebound until we spot some weakness.

Feel Free to drop us a message if you want to know more.

To know more about S&P500 & Nasdaq do head over to our facebook page to have a read.

Yours

Humbly

Kelwin& Roy