Week Ahead, 2 Dec 2024   Macro News: Despite inflation remaining firm, the market continues to expect that the US Federal Reserve has a higher probability of cutting rates by 25 basis points at the upcoming FOMC meeting. December marks the final month of 2024 as we approach the year's end. Historically, the S&P 500 Index has been favorable to investors in December, with a 70.83% probability of a positive return and an average gain of 0.74%. We hope these trends persist in 2024. Currently, we have not identified any trade setups. We will provide updates if any oppo ..read more

Technical observations on Grab Holdings Ltd (GRAB) 1. Distribution Phase This phase appears to have occurred in 2021, where the price reached its peak and then began to stabilize with signs of selling pressure. The high volumes during this time suggest that institutional players were offloading shares, marking the end of the previous uptrend. Key Observations: Price flattening with volatile moves. Increasing sell volume towards the end, indicating that institutions are selling to retail investors. Implication: This phase signaled a top and the beginning of a downtrend. 2. Mark Down ..read more

  Mastercard Inc (MA): Mark Up Could Continue US$526.60 The rally that led to the $531 resistance in October likely marked a buying climax, where significant demand pushed prices higher. This was followed by a consolidation, as selling pressure from short-term traders met sustained buying from investors. This behavior indicates potential reaccumulation process. Noticeable spikes in volume accompany upward moves in recent trading suggest weakening selling pressure and increase in demand. Technical indicator, stochastic turning with relative strength and Fund Flow Index trading above z ..read more

  Demand Supply Analysis The stock has been trending within an ascending channel, reflecting strong demand after breaking out of prior resistance. Recent bullish candles have been accompanied by increasing volume, confirming that buyers are in control. The breakout from the recent consolidation zone occurred on higher-than-average volume, which is a classic Wyckoff signal of strength (SOS). Price consolidated recently after earnings reporting. However, potential government spending on infrastructure could be potentially topline catalyst for the company. Technical Indicators Analysis ..read more

  Week Ahead, 25 Nov 2024 Macro News:All eyes were on Nvidia Corp this week as the company reported another set of record earnings. However, the revenue forecast fell short of analysts' expectations, causing the stock price to decline by -3.22% on Friday. Based on historical price action, the stock often experiences profit-taking or selling pressure after earnings announcements. Technically, as long as NVDA remains above the 150-day Simple Moving Average (SMA), the medium-term uptrend momentum persists. If NVDA trades below this level, we will reassess not only Nvidia Corp but als ..read more

Live Webinar: Introduction to Tactical Allocation (The Basics of Trading) The upcoming webinar is designed to equip new traders or someone who has experience trading the markets with the knowledge and tools to navigate the markets with a disciplined allocation process. Webinar Details: Title: Introduction to Tactical Allocation (The Basics of Trading) Date and Time: 12 Dec 24 (Thursday), 7.30pm Platform: Live Webinar Registration: Click HERE What You'll Learn: An introduction to various financial markets and instruments Momentum and Fundemental Techniques Effective risk management ..read more

  An analysis of Bitcoin CME Futures on a daily timeframe.  Relative Strength (aganist Gold): The indicator is moving upward. This indicates the current uptrend has room to continue before potentially becoming overextended. Fund Flow Index: The is positive values indicate buying momentum, while the increasing bars suggest growing bullish momentum. Key Fibonacci Levels: 1.618 extension around $74,415 (acting as previous resistance). 2.618 extension at $78,290 (potential short-term resistance). A major target near $90,000, aligned with the 4.236 Fibonacci level. Price Target ..read more

  Week Ahead, 11 Nov 2024 Macro News: After the Chinese National People’s Congress concluded on Friday, markets again overestimated Beijing to boost the property sector and the economy. However, the key takeaway from the meeting was that the Chinese government is still taking calculated steps — or perhaps holding back resources in preparation for a potential President Trump 2.0. Either way, the market reaction was negative, with HSI futures down 1.57% at Friday’s close. Our view is to watch for signs of supply exhaustion as a potential entry point into the Chinese markets, as the g ..read more

  NetLink NBN Trust (CJLU): Regaining Technical Momentum After Consolidation The technical momentum indicates that NetLink NBN Trust is transitioning from an Accumulation phase to a Markup phase, with targets set at S$0.94, 0.99, and 1.04. Price action and volume suggest that strong hands are in control, absorbing supply and preparing for a potential bullish move. The stock's relative strength is above zero, implying that it is outperforming the market index (STI), which suggests increased demand. Additionally, the volume-based indicator, FFI, has made a similar upward move, indicating ..read more

  Week Ahead, 4 Nov 2024 Macro News: - The US FOMC meeting is anticipated to result in a 25bps rate cut. - Funds shorting SGD, betting on slower global trade if Donald Trump wins the US Presidential Election. Thus, weaker global currencies and a stronger dollar. - China’s manufacturing PMI re-entered expansion territory in October. - Companies are ramping up efforts for Double 11 sales. - Nil trade set up for the week ahead. Medium Term: - S&P 500 is expected to move downward in the short term, with the first support level around the 5,600 zone. If the S&P 500 breaks above t ..read more