The Market Technician
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I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry. This blog aims to share how private traders can forecast price and trade in line with the market and smart money by..
The Market Technician
3d ago
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
The Market Technician
6d ago
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
The Market Technician
1w ago
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
The Market Technician
2w ago
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
The Market Technician
2w ago
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
The Market Technician
3w ago
MSFT: Breaks above trading range with potential first target at 443.50, and stop below 397.50
IBM: Breaks above trading range with potential first target at 200.00 and stop below 181.50
Disclaimers apply ..read more
The Market Technician
3w ago
Thoughts on Week Ahead:Week 4 March 2024
Much like Taylor Swift's lyrics, "I shake it off, I shake it off," the US markets shrugged off concerns regarding high interest rates and recession. And instead, persist in an upward trajectory, at new all-time highs.
From a technical standpoint, the S&P 500 maintains its upward trend, facing potential resistance at 5,200 with support at 5,000 level. In contrast, the Singapore market treads cautiously, residing within a gradual downward channel. Meanwhile, the China A50 Index holds firm above the 11,200 support level, shows promise in ..read more
The Market Technician
1M ago
Moody’s (MCO): Momentum breakout from base. Potential retesting resistance at 400.00 zone.
Stop price below 377.00.
Note that Relative strength against benchmark (SPY) is negative.
Disclaimers apply ..read more
The Market Technician
1M ago
Thoughts on Week Ahead:
Week 26 Feb 2024
The stock market witnessed several significant developments this week. Firstly, Amazon joined the Dow Jones Industrial Average (DJIA), potentially attracting increased flows alongside established giants like Apple and Disney.
Secondly, prominent figures like Jeff Bezos and Nvidia joined forces to fund a startup developing humanoid robots. This investment highlights the potential for artificial intelligence to expand beyond its current applications and create new revenue streams for technology related companies.
Meanwhile, the S&am ..read more