What a wonderful way to end the week! Sembcorp is up 5% just under a week since our alert and the best part is such alert is a value added service just for our clients! No need to spend additional hard earned money on monthly alerts or even hefty course fees. =)
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Yours
Humbly
Kelwin & Roy
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
We get really excited whenever we see a pullback in the markets especially in the US. When market run away too fast and too high that’s a big of a danger as most would jump in on fear of missing out. Furthermore the greed and fear is current at 82 under the extreme greed region. As the old saying goes when everyone is greedy, be fearful. =) When everyone was fearful, that’s when we should be greedy.
For this week, the most important event would be Fed meeting. Market as a whole is expecting a 0.25% increase this coming Wed. There is a 99% chance that Fed will hike.
How much of this priced in? Could US market finally have some pullback after this rate hike? We’re hoping so and also depends on what the Fed says after that. Could this be the last or one more time in sept? As inflation is coming down would there still be a need for a second hike? Watching the statement is more important than the hike itself.
STI
STI inching closer to our 3300 target as we continue to see a rebound in the STI. For this week, we might continue to see some rebound as an increase in rates could help prop up banks which supports our STI. OCBC has found our target while hot stock Sembcorp Industries also saw some rebound. Overall, STI is starting to see more action after a pullback last month.
HSI
HSI saw a pullback for last week after dismal reading of its GDP! It came in lower than expected which saw traders taking the chance to take profits off the table. It managed to find some support and not head back to the 18,500 level. This is a good sign as market is forming a higher low pattern. We could be looking at market testing the 19700 region as a base is starting to form. Once again, big tech stocks are also firming up and we could see more upside. JD, Tencent are on our radar.
Head over to our facebook page for more updates on the S&P500 and Nasdaq.
Yours
Humbly
Kelwin & Roy
Another week up for markets as we saw the HK market came to life after Ant’s crackdown has ended. US markets also performed well after inflation data came in softer than expected. Overall, positive sentiments continue to flow and many of our HK and SG selections are all giving us good returns.
For this week, there are three key events to look out for.
We did see some profit taking coming in on Friday which is perfectly normal given such a strong run.
STI
As mentioned last week, we were expecting a rebound for the Straits Times Index and rebound it came! Pleasantly surprised with the strength as we saw banks being scooped up after being smashed down. We can see that STI being resisted by that downtrend line. We do think that the market might break it and test the 3300 resistance level. Many blue chip stocks are seeing a nice rebound for last week. SATS, SGX, Capitalland invest are all doing well. Special mention for Seatrium which saw a 18% move just for the week. Glad we caught this move too!
HSI
Short covering and bargain hunting stay the tone for last week as we saw the hang seng index roaring back. Tech stocks like baidu, tencent and ALIBABA all saw nice returns for the week. During such run, using DLCs could potentially upsize your profits! For this week, momentum could still carry on and we could be looking to test the 20k mark once again. There is heavy resistance there and it needs to build a base before taking it out. China data could provide some boost too. Don’t miss out on this rally and we hope you got in for some long term positions on the hong kong market.
Head over to our facebook for more updates and levels to look out for for the S&P500 and Nasdaq100.
Yours
Humbly
Kelwin & Roy
S&P500 ended the week down of about 1.2%. Why are we excited as in the picture you might ask. Well, as we been bullish for the year and do want to add more positions into the market so of course when the market is down we are excited. =) Are you too?
Greed & Fear index still at the extreme greed currently at 78 we are waiting for it to drop further before making an entry.
For this week, with Alibaba giving a boost to the HK market as China ends Ant’s Group regulatory revamp, this might raise hope of China ending it regulatory tightening on big tech. So we could see the upside coming in for HK.
Over in the US, earnings season is starting. With major banks reporting this Friday like Citibank, JP Morgan and Blackrock, this could bring the markets into some volatility. Keeping a lookout especially for the MAG 7 stocks which is a barometer of the economy.
STI
Our Straits Times Index dropped below our uptrend support line as banks and blue chips pulled back especially Sembcorp and Keppel Crop as they were the front runners for the STI for the past few months. Pullback is timely so that those who missed the rally can finally get in. But of course the time to re-entry is not yet. At least for us. We’ll be waiting for a base to form for Sembcorp Industries before deciding an entry. If you want to be informed of our next entry, ensure you’re in our telegram channel to receive all the latest updates and alerts.
STI could see a rebound this week as its coming close to the 3100 level. SATS looking strong despite the weak week.
HSI
HSI once again imploded over the week BUT saw some light at the end of the tunnel as China ends it crack down on Ant group. This could be a good sign for the overall market and even better for Alibaba’s shareholders. HSI looking like a double bottom forming around the 18k level which is crucial. HSI has to stay above this level although a crack and rebound is one of the option to wash out weak hands. We could see HSI having some bargain hunting this week.
Currently market is looking for more stimulus as China badly needs a boost to their slowing economy. With this pullback, remember of your proper allocation into the markets. We are positive for HK but the proper allocation into the different markets matters too. Are you too heavy into the HK market? Need help in re-balancing? Let us know. We could shed some light.
Head over to our Facebook to find out more about our views on the US markets. IS IT TIME TO BUY?
Yours
Humbly
Kelwin & Roy
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 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 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
This particular counter has seen a tremendous rise and is probably one of the best performing stock for 2022 and moving into 2023.
This counter is none other than Sembcorp Industries! This stock has given us many positive returns through the years and its one of our favourite counter to trade too.
As early as 2021 we started noticing this counter already and has since see positive returns. For 2022 we have given 6 alerts on Sembcorp Industries and have seen many positive returns after.
And for 2023 we have given 2 alerts so far which have seen over 10% upside each time we alerted our clients. You can start to see why Sembcorp Industries is one of our favourite stock now.
But as the saying goes, all good things have to come to an end? But don’t worry, this doesn’t mean the end for Sembcorp Industries. As the recent move as been quite powerful, a pullback is inevitable. We can see that Sembcorp Industries has been trying to break the $4.42 barrier but is unable to do so. Also, this is the first time that Sembcorp Industries has closed below the 5 and 10ema. In addition, indicators A pullback might be on the cards which could take it to $4.19 first and even $4 for a sharper pullback.
Waiting for a better entry for Sembcorp Industries first before making any moves.
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Yours
Humbly
Kelwin & Roy
SATS has recently been grabbing the headlines due to their rights and it has also attracted the interest of traders. As the trading of rights were coming to a close two weeks back, we saw an opportunity for a rebound as the rights overhang starts to fade and the recovery of the stock price starts to come into play. So when SATS was trading around the $2.40 range, with a good support there, we alerted our clients about this potential trade set up.
Fast forward two weeks later and we can see SATS has risen by 10%! If you missed this trade then the next question is could should I chase this trade or wait? Let’s take a look at the chart and do a quick analysis.
From the chart, SATS broke out from its downtrend line with higher volume which is a healthy sign. But it was unable to break above its $2.64 resistance and hence might need some time to overcome this. Once this level is taken out then we might see SATS moving up towards the $2.72 then $2.80 upside resistance. Now that the rights issue is out of the way, a general recovery could come into play.
Yes, you might be a little later in the trade but if you want to get in earlier, then ensure that you’re our client to receive such alerts as soon as possible to make that difference!
Just Contact Us Straight Over HERE to learn how you can be receiving such alerts!
Yours
Humbly
Kelwin & Roy
We have seen a good run up for the three local banks on better than expected results and on the back of rising interests rate. But can this run continue on forever? As we know, nope! There will be a time for a break and pullback and there is something we noticed.
DBS, as we can see has been guided by the 5ema and 10ema. This moving average has been guiding DBS for the last month and has never closed below that BUT today at close, we can see that it has closed below the 5 and 10ema. Is this a sign of more pullback? We think its possible! Its good for the banks to pullback so that those who missed the rally can possibly re-enter. The initial support would be at the 20ema of around $34.75. The Next downside support would then be around $33.84 near the uptrend and horizontal support. We can see the volume has increased for today too. This might also help support the downside. If you’re looking for a short candidate, this might be one counter. If DBS closes above $36 then this short trade would be invalid.
OCBC, also similar to DBS, it has closed below its 5 and 10ema which might signal more downside. An increased in volume might support the downside for OCBC too. It has closed below the short term uptrend line too and the first downside support is around the 20ema which is $12.26. If more weakness comes in then we might see $11.87 on the cards. A close above $12.60 would make the downside invalid. Remember, if you are looking to short always have a TRADE PLAN with a stop loss, entry and target price. Don’t naked short and one can consider using Poems CFD for short or even DLCs!
As for UOB, it hasn’t broke and close below its 5ema so until we see that, then some pullbacks will be on the cards.
If you got any questions, feel free to CONTACT US!
Yours
Humbly
Kelwin & Roy
Sembcorp Industries has been of buzz recently as we saw it started to move from the $2.80 level from October onwards. SCI announced the acquisition of 830MW of renewable assets in China through a joint venture with SPIC. With every acquisition, it will come with some fear of fund raising as the company will need funds to proceed with the take over. The good thing is that management ruled out equity fund raising to finance these acquisitions which gave some boost to the share price.
With acquiring of Xingling New energy, this will help with SCI’s earnings in the future but all these will take time for the share price to reflect these earnings.
For a more shorter term outlook, we have actually alerted our clients twice over the last month when Sembcorp Industries was just trading at $2.88.
Sembcorp Industries has been very good to us as each time we sent an alert for it, we have hit the upside targets resulting in another profitable trade.
Our recent trade alert just sent out yesterday saw our upside target being hit in just one day! Sembcorp Industries displays a very nice trend and if you are able to catch it, you will be rewarded greatly!
So if you would like to receive such alerts, do CONTACT US and you’ll get back to you as soon! You don’t want to miss out another alert.
Yours
Humbly
Kelwin & Roy
