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 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 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]

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

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

16th May, 2022, 5:36 PM
The Week Ahead May 2022 – [STI, HSI, NASDAQ & S&P]

Another crazy week as inflation came in HOT but higher than april’s number. Although inflation slowed down but it didn’t slow down as much and market saw another slam dunk. Towards the end of the week, market saw some relief  but was still down for the week. Well, will be just be a dead cat bounce or the end of the correction? To be honest, no one knows but what matters most is your time frame. Whether you’re a trader or investor. And that will make a difference.

STI

As expected, STI pulled back last week but came off more than expected. Some support drawn on the chart and for now, the 5ema would act as a resistance now and would look for that to break above before any bullish move made. Looking for some rebound for the week as markets in the US are generally oversold. So some relief rally could potentially bring in some rally here.

HSI

HSI broke the 20k support as mentioned and head down to our first support. During the week, some news came out that china govt will be meeting the tech companies for discussion with regards to the crackdown. This helped market out as we saw a general rebound in tech stocks. HSI is currently above the 5ema but still below the downtrend line and the 20ema line in yellow. cautious bullish but not going in full size in terms of trading as HSI always comes down even after good news.

Head over to our face book page for analysis on S&P 500 and Nasdaq.

Yours

Humbly

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

17th April, 2022, 4:18 PM

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

Another volatile week as US market kicks off earning seasons. We have warned that markets are not of the woods yet as market are still trying to find their footing and have not gained any strong grounds yet.  BOA, J&J, TESLA and many more other companies will be reporting their first quarter results. This is key to see as it could set the tone for the year as companies grapple with supply side constraints and with a rising interest rate environment too. This might also lead to markets fluctuating as market takes some cue from earnings.  To find out more when are the other companies reporting results, you can head over HERE. 

STI

As mentioned last week, we expected more pullback for the STI and it has come true. STI has pulled back to 3340 level and we might see further pullback to 3300. This level might see more bargain hunting and we’ll be waiting. Don’t forget although the index might be down, individual stocks can still move up. Oil and coal related stocks are still moving up!

HSI

Weakness also flow into the Hong Kong markets as previously mentioned but with some trickle of good news where the Chinese government finally gave approval for some games. Not turning bullish unless we see more convincing signs, like staying above the downtrend lines. Our downside target remains at around 20000.

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 March 2022 – [STI, HSI, NASDAQ & S&P]

27th March, 2022, 1:03 PM

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

Post Fed hike and markets have generally trend higher. Ever since S&P 500 has broken above one of its key resistance level of 4300, we have seen it moved up another 5% to touch the 100days simple moving average. A very nice gain for the past week or so. This post will be slightly shorter as Covid has taken over the household and rest and recover is the order of the day.

STI

STI has hit our 3402 upside resistance and find see it push up further this week. Recovery stocks were in play as Covid measures were eased and borders measure further lax as we welcome more international travelers. This caused the 3 S stocks like SATS, SIA and SIA Engineering to FLY. We caught SIA Engineering and SATS which made our client’s week much happier! Electronic stocks also saw recovery as previously mentioned and  AEM led the pack in pushing it up.  Next upside resistance at around 3453 and downside support at 3349

HSI

Some pullback in the HSI which is healthy as there was a huge rebound. If HSI pullbacks to around the 20k mark which covers the gap and stays around there. This would signal a good higher low in progress! Will be keeping a watch out for that as the HK markets now looks more promising! Tencent posted a set of results that was up to analyst expectation but with slower growth as a concern this caused some pullback in the stock. Waiting for a base to be built before any long entry.

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 March 2022 – [ Has Hong Kong Reached A Bottom? ]

20th March, 2022, 4:32 PM

The Week Ahead March 2022 – [ Has Hong Kong Reached A Bottom? ]

Two very important announcements  took place over the week which was China coming up to pledge support for the markets and Fed announcing rate hike and the future hikes that is to come. All in all, it was a crazy week as market saw a nice recovery throughout.

HSI

Paying a little more attention to this particular market as China has come up to pledge support for the market and would soon wind down on the regulatory front. It also pledge help to support companies listed overseas as delisting concerns sent HK tech stocks plummeting through the week. This also came on the back when JPMorgan China Internet analysts Alex Yao and team said this sector is “univestable” for the next 6-12 months. And before you know it, the market rallied over 16%. =)

So, how Hong Kong Market bottomed? That’s the question we’ve been getting throughout the week. In a nutshell, nobody knows BUT with further investigation, we can probably see a change in trend to the upside and these are some of the points for us to see if it has bottomed.

  1. Moving Averages , a good way to tell a trend is by looking at the moving averages. For now, we can see that the 50ema is still above the 20ma which still signal a downtrend. WAITING for a crossover of the 20 over the 50 for a confirmation in trend change.
  2. News of China supporting the market on Wednesday which might now help to build a base around the 18200 mark.
  3. For a sign of market bottom, a re-test near the low would show sign of strength and this could then provide a higher low in the making.
  4. Also the next bounce up should be higher than the 20ema of around 21550 to provide a higher swing high.

When we see these in play, we would then be more confident of a market bottom.

On a side note, don’t be too obsessed in finding the bottom as we all KNOW by now, nobody can find that bottom. Once might be lucky and the good old dollar cost average AND proper allocation into individual stock. So no real point in mentioning hey, i managed to grab Alibaba at HKD$73 or Tencent at $300. If you consistently are able to do that, PLEASE give me a call, you got my number. =)

Like an naggy parent, invest into QUALITY stocks and even with a downfall, you can still sleep in peace at night. UNLESS you have wrongly allocated into a stock then you probably won’t sleep that well.

STI

We’re pleased with our alerts on the Singapore market for the last 2 months even though HK & US were down, we managed to achieve a high 90% accuracy in our alerts to our clients. With fed increasing the interest rate, it is no surprise that LOCAL BANKS have moved up after the announcement. We’re glad we have positioned our clients for this ride once again.

Electronic stocks are also looking for a rebound but we will want to be nimble for these stocks. More upside for our STI might be seen from the chart above.

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