Thoughts on Week Ahead: Week 15 April 2024As we embark on the week ahead, it's important to acknowledge the evolving landscape of market dynamics. Quoting from Netflix's '3 Body Problem,' we find ourselves in what could be termed a 'Chaotic era.' The S&P 500 has entered a phase of increased volatility, signaling a potential sideways or downward trend in the short to medium term. Initial technical support rests at the 5,050 level, marking a retracement of 23.60%. This shift in trend is likely influenced by stronger-than-anticipated inflation data and job reports, prompti ..read more

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  Thoughts on Week Ahead: Week 8 April 2024 Last week marked a critical juncture for US markets as the S&P 500 broke below its upward trendline support, suggesting the possibility of sideways or downward trends in the medium term. Short-term traders in the US market are anticipated to exercise caution, while long-term investors will be seeking opportunities to take profits and adjust their positions. Companies exposed to oil or gold may attract investing interest as commodity prices surged during the week. Looking ahead to the coming week, investors will closely observe the ..read more

  Thoughts on Week Ahead:Week 1 April 2024 This week investors are flooded with economic data as we enter a new month and quarter. The US jobs report on Friday is especially important because it will provide clues about wage inflation. The technical picture for major markets is mostly unchanged from last week. The S&P 500 is bullish, but we are careful because trading volume and FFI indicator (Chart) is not keeping pace with price increases. Both the Straits Times Index (STI) and the China A50 Index are still trying to break through resistance at their trendlines. We are waitin ..read more

  Thoughts on Week Ahead: Week 25 March 2024 This week investors are looking for US FED's policy moves from Chief Jerome Powell speech scheduled for Friday and PCE print on Thursday. Technically, S&P 500 continues to display bullish behaviour, and has crossed our 5,200 resistance. However, we are cautious on the market as trading volume against price is not supportive (FFI reading diverging from index trend). Both Straits Times Index and China A50 Index are challenging their respective trendline resistance. We are looking for directional moves on both markets.  We contin ..read more

  Trade Strategy Review Occasionally, you may find a trading setup appealing, yet certain aspects may cause you to hesitate before entering the trade. Take BRC Asia (BEC) as an example. The setup might seem risky due to the stock's limited activity. However, it's possible to proceed with the trade by allocating a smaller portion of your portfolio and closely monitoring the stop-loss point (40SMA). Disclaimers apply ..read more

  Thoughts on Week Ahead: Week 18 March 2024The latest US CPI and PPI reports have surpassed expectations, reigniting concerns about inflation. The US Federal Reserve is anticipated to prolong its pause on interest rate hikes until inflationary pressures ease. We anticipate that banks will benefit from the recent CPI reports, while REITs may encounter selling pressure from investors. Although investors widely anticipate the US Federal Reserve to maintain current interest rates during next week’s FOMC meeting, the Chairman's speech will be pivotal to investors on the committee’s p ..read more

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  US 7-10yrs Treasury ETF (IEF): Poised to breakout from downward trend line in view of a less hawkish interest rate outlook. Stop below 92.00. Disclaimers apply ..read more

  Thoughts on Week Ahead: Week 11 March 2024 While the overall trend is still upward, we're adopting a more cautious stance towards the stock market, especially as the S&P 500 approaches our short-term target resistance of 5,200 and has finished the day down. Additionally, significant sell-offs were seen in key stock Nvidia Corp (NVDA) and the prominent sector Phil Semicon Index (SOX). Market participants could be turning cautious too as the earnings season comes to a close while the Federal Open Market Committee (FOMC) meeting nearing on March 20th, In light of these developmen ..read more