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

18th September, 2022, 4:30 PM

Another big week ahead as the Fed meets to decide on the interest rate. Fed will be meeting 20-21st Sept (Wed) and their announcement will be made 2am Thursday local time. Market is pricing in 0.75% hike anything more could results in another sell off. 1% might be possible after last week’s CPI data so don’t be surprise. What’s important is also their outlook, as market is also pricing in another 0.5% hike each for next two upcoming meeting in Nov and Dec. A more aggressive stand will also meet with more selling. As mentioned last week, whenever there is big data we would want to be more cautious as we don’t want to anticipate or take a HERO or ZERO approach to the markets.

STI

STI did see a rebound last week to our target of 3297 but as CPI data came out higher than expected, we saw markets sell off and that negative sentiment did affect our local markets too. A further pullback might be expected as market gets ready for the upcoming Fed meeting. Immediate support at the 20ema or 3249. Further downside might be to 3200. Remaining light before Fed’s decision as once again opportunity can be found after Fed’s meeting.

HSI

Unable to sustain its break above the downtrend resistance line, we see that HSI continues to slide and the next support level is at 18414. A slew of good news with tencent and netease gaining approval for their games couldn’t bring them up but saw more downside instead, Markets could still drift lower to our support before any temporary rebound. Looking forward to the upcoming meeting in Oct for further catalyst.

Do head over to our Facebook page for more updates on S&P500 and where it might head after the massive sell down. Updates for Nasdaq is also over there.

Yours

Humbly

Kelwin & Roy

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

11th September, 2022, 3:44 PM

Markets started off weak but regained some grounds towards the end of the week as bargain hunting started to come in. The KEY DATA to look out for this week would be inflation data! CPI data for Aug coming out this Tuesday night. If inflation remains high and over what market is expecting of 8.1% then we’ll probably meet with selling once again. As markets saw a rebound, disappointing data would result in another round of selling.

STI

STI 11th Sept 2022

A rebound came in slightly faster than expected as STI was pulling back very close to our 1st target. It broke the immediate downtrend line and rebound. First rebound target is 3297. Banks are leading the rebound with DBS being the leader this round. SIA is also looking good for a rebound.

HSI

HSI 11th Sept 2022

HSI reached our downside target of 18800 and started to show some strength rebounding off the support. It is currently resisted at the downtrend line and breaking above that then we might see more rebound to 20k. The biggest overhanging resistance would be China’s zero covid policy causing lockdowns and economic disruptions. The CCP is meeting in Oct which hopefully might shed some light on its covid’s policy if not market will be hard to move. Also, CPI coming out this week could put a brakes to the rebound so we got to watch that closely.

Do head over to our Facebook page for more updates on S&P500 and where it might head after the massive sell down. Updates for Nasdaq is also over there.

Yours

Humbly

Kelwin & Roy

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

4th September, 2022, 2:19 PM

Its been another brutal week for US with no end in selling. Ever since our post last week market still can’t find any strength and with ever rally it comes with fierce selling and with quantitative tightening doubling at the start of Sept. Markets will continue to look at inflation data and if there’s any surprises. Market will most likely sell off again.

STI

STI

STI also slowly drifting down to our target, it has been trying to resist the selling and putting up a strong fight despite all the negative sentiments surrounding it. More downside would be better to clear out weaker hands so that a rebound can come in.  3180 level would be the first level we’re watching for. Also, despite that we seen stocks like raffles medical, ifast all moving up. So there are still gems to look out for during this period.

HSI

HSI

HSI has pulled back to our support level of 19500 but it looks like more downside is ahead was BEARSIH action for Wednesday candle was spotted.  Warren Buffet’s sale of BYD also caused some rattle in the markets as investors dialed back on buying. We are likely to see HSI to 18800 level as market can’t rally despite some good news for the China market. Looking for more pullback before deciding on the next move.

Do head over to our Facebook page for more updates on S&P500 and where it might head after the massive sell down. Updates for Nasdaq is also over there.

Yours

Humbly

Kelwin & Roy

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

28th August, 2022, 4:35 PM

It was a brutal end to the week as markets tanked after Powell’s speech after he reiterate that more pain is ahead as Fed continues to look to increase interest rates. Its not something unexpected but markets didn’t like the tone and the massive sell down came. S&P500 gave up all its gain and broke its support which indicates more downside.

STI

STI fell at the start of the week but regained some grounds towards the end. Overall market still remains sideways to weak but with Friday’s sell down, some negative sentiment might spread over to Asia. So downside movement is expected for the week. But despite all these we managed to squeeze in some winning trades like Golden Energy. Waiting for more pullback in the market.

HSI 

HSI came roaring back after China stimulus and more hope of the end of Covid zero policies. It broke the downtrend line BUT with the selldown on Friday some negative sentiment might flow over to HK so some pullback should be expected. We might see a pullback to 19500 and if that holds we could see a real bounce.

Do head over to our Facebook page for more updates on S&P500 and where it might head after the massive sell down. Updates for Nasdaq is also over there.

Yours

Humbly

Kelwin & Roy

 

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

21st August, 2022, 2:56 PM

After a month’s long rally, its about time for US markets to pullback. S&P500 indicators are currently in an overbought state and some pullback in the markets is expected and normal. GDP data for the US will be out this thursday  indicating if the economy is diving further into recession and could add further tension to the markets.

STI

STI saw a pullback as mentioned but has not gone down to our target yet so there might be more downside for the STI in the coming week. Banks are pulling back which will cause the index to pullback too. But despite some weakness, we saw tourism related stocks doing well for the last week before a pullback came. Looking for some short opportunity next week.

HSI

HSI hasn’t rebound last week as we expected but the rebound might be closing in as HSI looks to stabilize itself and build a base. The support of around 20k is holding and most tech companies have reported their results. Tencent despite missing estimates and its first time for revenue declining managed to still see its stock price move up. Alibaba is also holding up well and we might see some rebound coming soon too. Our upside rebound target for HSI is at 21262.

Head over to our Facebook for more updates on the US markets.

Yours

Humbly

Kelwin & Roy

 

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

14th August, 2022, 2:55 PM

A positive week for most markets especially for the US market which exceeded our upside target. Smashing through our upside resistance of 4200 to end up close to 4300. China, taiwan tension, Covid lockdowns continue to weigh the HK markets down but lets take a closer look at it.

STI

STI continues to push upwards and those stock that we mentioned like the banks, yzj and First Resource all saw a nice rebound. For this week, we might see some retracement for the week as STI has moved up quite a bit ever since we highlighted it. Some pullback can be expected and is healthy in a rebound move. The moving averages are sloping up now which is a good sign if you’re on the long side! A pullback might be to around 3230 first. Will update more if we spot any opportunities. But HK looks interesting now. Read now more to find out.

HSI

An interesting set up is happening over at HK. Its been down despite US & Singapore being up due to covid lockdowns, China , US and taiwan tension.  But is now showing some signs of resilience. It is currently at the downtrend line and it might be looking to break out from that this week as market settles down. The 20ema which is very nearby would act as the bigger resistance so if it manages to overcome the 20311 resistance then we might see more upside in HK this week after the pullback we mentioned. HK tech stocks like tencent and alibaba also looks like its ready to rebound. Keep a close lookout.

Head over to our Facebook for more updates on the US markets.

Yours

Humbly

Kelwin & Roy

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

24th July, 2022, 2:55 PM


For the past week, US markets had a rather good rebound with the S&P 500 breaking above its 50ema which is a rare move.

Its going to be a BIG week with many lots happening. Firstly, we’ve got interest rate decision by the Federal Reserve. Their meeting will take place over Tuesday and Wedensday US timing so interest rates results will be out on Thursday morning (2am) Singapore time. Market is looking at a 0.75% increase although 1% might be on the table given the higher than expected inflation data.

Secondly, we’ve got US GDP data coming out on Thursday night Singapore timing. The data could tell us if USA has gone into a recession which is typically marked by two declining quarters. If the US is in a recession, it might spark off another round of selling.

Thirdly, we’ve got big tech companies reporting their results too. Meta, Apple, Amazon are just some that will be reporting this week. Look over here to see when your company will be reporting. Do take note that if you’re TRADING over results it can be dangerous as any disappointment in the results could result in a heavy sell down like SNAP.

Its going to be a rather volatile week so do stay alert!

HSI

HSI pulled back to our support and for long term investors this presents a good opportunity ahead. As for the week ahead, with all the big data that is to come we would be cautious in the short term as we might see increase in volatility. Currently HSI is trying to form a base at around the 20k mark. Only with a break above our short term downtrend then HSI might continue its reversal. For now we are just watching for that break. Tech stocks in HK are also presenting a good opportunity for long term entry.

STI

STI showed surprise strength during the week and even managing to breakout of its 50ema. Banks mainly gave strength to the index but is facing near term headwinds at the downtrend line. Our next upside resistance is around 3249 area which will probably have some significant resistance.  Looking out for stocks that pullback like Sembcorp Industries. First Resources is also trying to find a base and is currently on our watch list.

Head over to our Facebook for more updates on the S&P500 and Nasdaq which has both shown strength through the week.

Yours

Humbly

Kelwin & Roy

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

10th July, 2022, 4:14 PM

We like to take this time to wish our Muslim friends a Selamat Hari Raya Haji! Hope  you’ll have a blessed time with friends and family.

Us Core consumer price index will be coming out this Wednesday and eyes will be on inflation data once again. US had a relatively strong rebound for the week and is approaching resistance. If inflation manages to ease off and not go crazy then we might see some more rebound. Markets are expected to remain volatile so traders got to put their best foot forward for the week!

HSI

As previously mentioned HK pulled to our first support at the around horizontal support and also around the 20ema. It started to have some rebound and for this week we might see HK breaking that very short term downtrend line resistance. We’re looking for a re-test of 22365 for this week with HK gaining strength. Some major tech stocks like Tencent is also looking on the upside. We continue to remain bullish on HK markets.

STI

Singapore markets will be closed on Monday due to Hari Raya Haji and will resume trading on Tuesday. Meanwhile our markets continues to be in a range currently trading near the upper resistance range of around 3131. STI might attempt to break that resistance this week but take note of the volume for a more convincing break. SATS is on our radar as this stock is showing some resilient.

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 July 2022 – [STI, HSI, NASDAQ & S&P]

3rd July, 2022, 3:51 PM

Markets saw another roller coaster week with a strong start and then slamming down during the week. Hong Kong once again being the outperformer. Its the start of the second half of the year and earnings will be coming out starting Mid july which will set the tone for the markets. Inflation will hurt the overall results causing a compression on earnings and a beating on price too. Any big miss might send the stock plunging and for re-rating too. So do ensure to keep a look out for your favourite stock during this week.

HSI

HSI 3rd July 2022

It rebounded to our projected target for the week and became resisted. A pullback is healthy to us and an even healthier if it manages to pullback to around the 20k level. As for this week, we’re probably looking at 21262 level for support first as there are a few confluence of support there like the 20ema. Hk is in a bit of a range and for the long term investors who missed the first wave, look to buy on dips at the support level. HK is displaying a higher low so it has to maintain this for further upside.

STI

STI 3rd July 2022

A slow week for STI as it continues to lag behind. It’s been in a range for the past few weeks and nothing exciting for our local markets yet. We’re just watching to see if the support of 3075 can hold for the week. So far, its been slow and there is a possibility of it breaking as our banks are also pricing in a recession with a slower loan book.

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 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