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

31st July, 2022, 9:49 PM

A BIG week went by and it yield a positive result for us. Fed increased rates by 0.75%, GDP shrank for the second month in the US and big tech results mostly came under estimates  BUT despite these challenges the S&P500 closed up for the week. Data is important but remember to watch the price action to see if its showing weakness. Despite all the data that came out, one might have expected markets to continue to come down but it did the total opposite which shows strength. This rebound does look like it has a bit more room to go before it hits the critical resistance of 4200 for the S&P 500.

HSI

Still no bullish sign for HSI as it continues it downwards move towards our 20k support.  We’re still waiting for more bullish signals to come out before any short term trades to be executed. There has been a string of negative news for HSI recently hence the pullback. The property scene in HK is not stable yet with property counters still not out of the woods. The next possible downside target might be 19200. Keeping watch.

STI

STI did much better than its peers in the region and outperforming the HSI for this week. It has reached our target upside resistance of around 3249 and pulled back ever since then. Banks led the way but gave up its gain on Friday as traders took profit after a good week. Counters like yzj shipbldg and First Resources also a nice upside leading it to hit our targets this week. Once a healthy pullback is done we might see STI moving back up to 3297 region. Be fast and nimble under such market condition.

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]

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]

17th July, 2022, 3:30 PM

Did you see what happen last week? CPI numbers were out and it was higher than expected coming in at 9.1% which sent the market down at the start BUT actually recovered during the week. US markets did show some resilience and ended up for the week. This is not reversal yet but does show that markets are temporary ignoring these data. US earnings are are also coming out with JP Morgan having a lower quarter while Citibank beating results. Its too early to tell now but we will want to watch for more earnings before making any conclusion. For now we can see that S&P 500 and Nasdaq100 has strong resistance at the 50ema.

HSI

Weakness spotted in HSI which is a good thing if you’re a longer term investor and have missed the first wave for the Hang Seng. It is approaching our 20k downside target. Increase in Covid cases, growth rate slowing caused the downside in HK last week. For this week we continue to look for opportunity for long term holders to take a position as HSI is coming close to the 20k mark. We’ll watch for a base to form if not our next support would be 19300.

 

STI

STI couldn’t break the resistance we drew and came off after that . Immediate support at 3089. STI still looks weak and mainly guided by the banks. If banks start to break their support, we might see STI test the low of 3040. STI continues to be in a range and our local market has been lackluster and there hasn’t been much happening. Opportunity lies in HK and US for now so focusing more on those markets.

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]

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]

26th June, 2022, 4:42 PM

 

Its the end of the school holidays! We hope you had spend some quality and quantity time with your kids and family. It was an exciting week especially for the Hong Kong market which gained strength and saw very good gains overall. US also saw some positive action towards the end of the week with Nasdaq breaking out from its consolidation. Is the bull finally back? Read on to find out more.

Some things to note, market saw a pullback in commodity prices like oil, palm oil and coal stocks are starting to retreat too. This could give a short term relief rally for the markets but all eyes still on inflation data which will continue to lead the market. The 10 year yield has also retraced which continues to boost markets especially the Nasdaq.

HSI

A very nice rally for the hong kong market as it burst through its 5ema which we mentioned last week. Auto stocks saw a nice jump on govt stimulus which we also spoke about. Many stocks in Hong Kong are displaying strength in which we have seen for the last year and its good to have some focus on the Hong Kong market. As for the week, we are looking for more upside to around 22397 which is around the horizontal resistance. HKEX , Xiaomi are also looking good for next week. Remember once again if you’re trading or investing in HK markets as your approach to the market would be very different. As for investors, we have mentioned quite a few times to slowly average in due to our bullish view on it whereas for trading we’ll need a bullish momentum for it.

STI 

STI has also rebound off our support line which we drawn last week but the rebound we saw wasn’t anything strong as predicted. It came to the downtrend line and started hovering around it. For the week, we might see a move up towards 3146 area which is also around the 20ema. Wilmar is one stock we’re looking at with interest! Reits for investment has also shown strength through the week which we have informed our clients!

The week is shaping up to be a better one so be alert and make good use of it!

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]

19th June, 2022, 3:24 PM

Fed has raised rates by 0.75% on persistent inflation. Inflation wasn’t slowing down in June which left the fed to increase increase rates by 0.75%. Markets continue to look upon inflation numbers and if it doesn’t slow down then more rate hikes are going to be expected with the next one in July. An interesting thing that we’ve been mentioning is that despite US making new lows, the Hong Kong market which we’ve been covering extensively has actually been resilient. With good news flowing out of HK we continue to be bullish and believe in the recovery of that market.

HSI 

HSI has retraced to our short term uptrend line but is currently resisted at the 5ema. It has formed a higher low which is healthy in a larger reversal cycle. For long term holders, congrats as HSI is finally seeing some positive light with positive news flow coming out more and more. Even with the recent downside in US, HK has been holding up well with 20k a good support to continue to scale in. For this week, a break above the 5ema might signal more bullish signal and a test of 22k might be possible.

STI 

STI has hit some some around 3072 but a more significant support is around 3035 area. That is a still a chance that STI might hit that support before any sustained rebound that comes. Singapore markets is still trying to find its footing and there hasn’t been any sustained rally so far. STI might rally to that downtrend line of around 3120 before getting resisted. We’ll await more confirmation before making any moves.

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

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]

22nd May, 2022, 11:31 AM

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

What a  week for the markets! Very interesting set ups for each markets and there’s so much happening. China cutting interest rates and shanghai coming out of lockdown very soon. china government looking to support the tech sector and stop regulations, giving a boost to the tech sector. US inflation is looking to soften.  The S&P 500 dipped into bear market territory but managed to close above that. Could this be the start of a sustained rebound? Do remember to check out all our updates on our Facebook too!

STI

The bounce came in for STI as regional market tries to find their footing and ended up on a positive note for the week. STI currently near the horizontal resistance of around 3249 but we do think that its possible for more upside as the banks for building a base and might look to rebound in the coming week. Upside resistance at 3297 to cover that  mini gap.

HSI

HSI cautious moved up during the week and ended with a bang as China cuts their interest rates which gave the market a much need boost. It is now at the important downtrend resistance line. Its the third time testing this line and usually it takes about 4 times for a stronger break. But with news of a interest rate cut, this might help in the push up so we’re looking for a break and even a test of around 22390 level in the coming weeks. Remember this is more for short term trading. For Long term holders, if you have been following us then you probably might have a position in the HSI already. So continue to hold for that and wait for the bigger recovery to come.

Have a great trading week ahead!

And do go to our Facebook for Nasdaq and S&P 500 updates.

Yours

Humbly

Kelwin & Roy