Straits Times Index

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

Kelwin & Roy Stock Market , ,
26th February, 2023, 9:34 PM

As expected, we continue to see selling across global markets BUT with this pullback, its giving rise to some opportunity to enter the market.

Inflation data last week started to creep up and it spooked the markets with some selling. Some data coming out this week like initial jobless claim and Fed’s Waller will be speaking. Though not a very key speaker, but market will be listening in to see what the Fed’s stand is in the coming months. As market has seen selling for the past few weeks, we might see some rebounding coming in this week.

HSI

HSI has corrected about 12% since the high in Jan. A correction can be anywhere from 10-20% so don’t be surprised if we see further downside. BUT with such downside comes an opportunity to get back into the HK market especially investors missed out on the huge run in since Nov. The Spy balloon was the first cause that started this correction but at the same time could be a distraction The HSI might see a little more downside to around 19500 level before we see a rebound. This might not represent the bottom as yet and we’ll have to wait and see for it to be tested to ensure that’s the bottom. A rebound could take us back to 20k mark.  Eyeing Baidu, Tencent, Alibaba and a few others during this pullback.

STI

STI also came off to the level we anticipated with 3270 being a critical support. The main reason is that the banks have been experiencing selling after their results causing our STI to move down. We might see some rebound in the coming week but a better place to scale in might be at around 3220. There is a gap support over there and if it really doesn’t hold then 3180 could be the lower level we should see. Don’t miss this opportunity.

To know more about the levels to look out for in the S&P500 and Nasdaq100 do head over to our facebook for more details.

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 Feb 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Stock Market , , , ,
5th February, 2023, 4:06 PM

As we say goodbye to Jan 2023, is this year turning out to be more promising than last year? Stocks have had a stellar start to 2023 and S&P500 is up 6.2% A solid Jan could be a good sign for the market and potentially foreshadow a continued uptick in the months that follow. Of the five instance in which the S&P gained more than 5% in Jan after a negative year, the benchmark index rose 30% for the year on average according to Carson Group’s Ryan Detrick.

 

So are you bullish or bearish this year? and just sharing a slide from our webinar just last week on what happens after a negative.

So with that combined, we’re quietly bullish for this year and with pullback presenting opportunities if you missed out on the recent rally.

For this week, markets will be looking to Fed’s chairman Powell speech and with the blowout jobs report on Friday, this could put a dampen on whether Fed will pivot sooner rather later. Also, watch how the market reacts! IF Powell remains hawkish with a tough stance on interest rates and market still rallies, then this might signal that market has looked past all these interest rate narrative.

China-US tension is also rising with the Air Balloon being shot down over the weekend. Watch for more development as any retaliation on both side might cause a temp knee jerk reaction.

STI

STI was consolidating for the week after reaching our resistance. As negative sentiment might flow from US closing plus Fed’s upcoming statement we might see STI opening lower and pushing down lower for the week. Immediate support at 3372 then 3336 then 3302. Quite a few blue chips in the STI has moved up so pullback now is expected.

HSI

HSI seeing some pullback for the week as we all hoped for! It has come down to our first level of support which is that uptrend line and the 20ema. It present an opportunity for a small entry especially for those who missed out on the recent sharp rally. A further pullback to 20624 would present an even better entry so don’t miss out!  Big tech stocks are also on the radar, Baidu, Tencent, Alibaba are just a few to name.

S&P500 has reached very close to 4200 and seeing some pullback. Head over to our Feacbook page to check out our updates on the S&P500 and Nasdaq.

Yours

Humbly

Kelwin& Roy

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

Kelwin & Roy Straits times index , , , ,
29th January, 2023, 8:00 PM

Yup! Its that time of the week! Fed will be meeting once again to decide rate hike and markets are generally expecting Fed to hike 0.25% for this round. What’s more important is to see Fed’s statement and if they will stop rate hike sooner than expected OR have a total demand destruction. It might get a little tricky from here as China opening up might cause some inflation pressure which in turn might have Fed increasing rates longer than expected. BUT so long as you are clear of your investing/ trading style, you should be able to navigate through this fine. For long term as always, dollar cost average at key support and after key events. For traders, be discipline and not trade through MAJOR EVENTs like this. S&P500 has come close to our upside resistance of 4100 and as trader with such an upcoming event, we would advise to take some profits off the table. DON’T BE A HERO! SAVE YOUR AMMO and live to fight another day.

BIG Tech companies will also be reporting next week. Meta, Apple, Amazon, Alphabet are all reporting next week.

STI

We didn’t update last week as we were celebrating Chinese New Year and took the chance to have an extended break with the family. We did have an interview with Zao Bao and shared the upside target for STI for the week at around 3386. It has since then hit our target and currently at the resistance. On target for our 3450 mark BUT do take note of the upcoming Fed meeting, always good to take some profits off the table first.

HSI

Everyone’s getting excited about China/HSI as we read about more and more brokerages upgrading HK! It has been a crazy ride ever since China reopen and for the month of Jan we have only seen 4 red days for HK! When the beast awakes, BEWARE! It looks like HSI might be testing 23400 and like most, we’re hoping for a pullback so more can join in the ride. For long term investors, scaling in a small batch at current price could also be one strategy and then wait for the pullback before making another move.

As we go into a crucial week, 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 Jan 2023 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
15th January, 2023, 9:58 PM

Another good week for the markets as CPI came in line and markets generally took it well. US and HK markets ended up for the week while our STI covered the gap as mentioned before having some pullback. Reporting season has started in the US with major banks kicking it off. More companies will be reporting and markets will look at major tech, banks to gauge the strength of the economy.  Very exciting developments in the US as S&P500 closes above the 200ema!

Do take a look at the earnings calendar https://www.investing.com/earnings-calendar/ to ensure when your favourite companies will be reporting.

Its a week before Chinese New Year so we might see markets slowing down especially HK/China as they will be going for a longer break after this.

STI

Straits Times Index

As shared last week, STI has hit our upside resistance of 3336 covering the gap and pulling back after. STI might go for a re-test of that resistance level. Our STI so far is in a wider sideway consolidation after a good run last year. And only with breaking of 3336 then we might see STI moving towards the 3450 mark. Watch for the re-test first.

HSI

HSI pulled back to the 5ema and went back up as expected! For such a powerful uptrend which we mentioned, the 5ema will be the first support and guide. So far, the HSI hasn’t closed below the 5ema which indicates the strength of the index. We might see HSI testing the 22106 upside resistance in the coming week before any pulback! What a crazy ride for the HSI!

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 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 Dec 2022 – [STI, HSI, NASDAQ & S&P]

Kelwin & Roy Straits times index , , , ,
11th December, 2022, 2:56 PM

Wholesale data disappointed the markets with data coming in at 0.1% higher than expected. Markets reacted and started selling. It tried to recover during the day but still ended down after a good fight.

With two key data to look out for, markets this week might be slighted muted as it awaits the data.

Two key data are CPI (Consumer price index) on Tuesday, If this comes out higher than expected, we might see more sell down as hopes for a smaller rate hike on Wednesday might be diminished.

And on Wednesday, Fed will decide if it will do a 0.5% or 0.75% rate hike if it goes with a 0.5% hike, market should move up for a year end rally. Markets will also look for clues if Fed will start pivoting and start slowing rate hike to even 0.25% for the next round of meeting. This could also help add fuel to the recent rally. Key resistance for S&P500is around 4080 and a break above that could see S&P500 move up to 4250.

STI

Bingo! STI came down to our downside target of 3224 as mentioned last week.

Overall ,our straits times index is trading in a side ways movement with the immediate support being at 3222 while the upper resistance is at 3303. If we break the support of 3222, we might see further downside to 3177. With two key data to look out for, markets this week might be slighted muted as it awaits the data. With the negative close on Wall Street, we might see a negative opening first then fight her way through the day. As big data is coming out this week, we prefer to go lighter for the week before re-entering as it could shape the week after that.

HSI

The Hang Seng Index is on steroids! After a slight pullback it continues to march on towards our 20k target! We could see it tip over the 20k before any retracement as traders and investors who fear missing out continue to buy in on any dips. We would prefer some pullback now as the 20k could act as  a psychological level. Although we’re still far from the top, we do hear clients telling us aiya, miss already! We still feel there is good opportunity in the China/ Hong Kong market and we’re just getting started only!

As usual, if you need to talk, we’re here, just a message away.

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

Yours

Humbly

Kelwin& Roy

 

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

Kelwin & Roy Straits times index , , , ,
4th December, 2022, 3:52 PM

The Fed delivered some good news last week as it hinted that they could start slowing down rates even as early in December which saw the US markets SURGED as traders started piling in positions while shortist were forced to cover their short positions. Profit taking could be seen after that as such part of healthy movement . For the week ahead, markets will continue to look for data to support its run and with Fed’s meeting coming up the week after, market will probably remain sideways for the week.

STI

STI retraced very close to the 20ema and then saw a rebound from there. For now, the Straits Times Index is showing resistance at the 3308 area and its about the third time that it’s testing this resistance. We’re expecting to see more downside for the week as STI as it closed below the 5 and 10ema. Once again, first downside we’re looking at is around 3234 area which is the 20ema. DBS closed below its 20ema again and is sitting at the uptrend support line. If that breaks, more downside will come which will bring the index down too.

HSI

We saw the Hang Seng Index pulling back to our target of around 16741 AND China govt called for a press conference urging the elderly to go for their booster. Also, China continues to ease a little with regards to their Covid measure allowing low risk Covid patients to recover from home.

With that, as we saw the market turning up that’s when we alerted all our clients of this change in directions so that they can take the appropriate action! Now that HSI has come to our resistance, a pullback once again is healthy but this time to the 10ema first before we decide on our next move. Hong Kong/ China has been on a aggressive march up and if you’re missing out on this historical recovery then we hope we’re able to help with you it!

As usual, if you need to talk, we’re here, just a message away.

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

Yours

Humbly

Kelwin& Roy

 

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

Kelwin & Roy Straits times index , , , ,
27th November, 2022, 4:14 PM

It was a mixed week as Asia markets saw some pullback while US markets had some upside. The usual Jobless claim, Nonfarm payroll would be watched as the next Fed meeting in December draws near. If data starts to suggest that employment is slowing and more Americans are out of job then there could be a chance of a smaller increase in Dec. This could spark the last leg of a year end rally since the low of 3500.

STI

 

Straits Times Index 27th Nov

As expected we saw the Straits Times Index having some pullback nearing our 3220 downside target. 😊 Banks mainly led the downside as we saw some profit taking coming in after a strong run. Also, a pivot in interest rate also could start slowing the movement of bank shares as their future net interest margin would likely be slower. Looking for more downside for the week to about the 20ema and then planning what’s next. The Electronic stock on the other hand saw some life as a slow down in interest rate sparks new life into these Electronic stocks.

HSI

Hang Seng Index 27th nov 2022

The Hang Seng Index also moved as we planned, coming down to our downside target of 17320 and currently being supported by it. A break below this level could see our next target of 16741 which would be a good level to scale in. It might not be a straight down for the week as the bulls are holding the line very well for now. The China central bank cuts the amount of cash lenders must hold in reserve for the second time this year which might see a knee jerk reaction looking for a downside overall for the week to come.

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