Monthly Market Forecast

Straits Times Index (FTSE STI)

For April, STI made new high as it closed at 3,613.93, the index last visited this level on 7 Dec 2011. However, STI has also reached its 423.6% Fibo level with MACD (Monthly) is hovering near the upper end of its bullish, which may potentially prove to be a foppish signal. But with its Heikin Ashi bars continues trading in bullish momentum, we will continue our bullish call on STI.

Forecast Direction: Upward towards 3,700

Alternate Direction: Sideways range between 3,450

Dow Jones Industrial Average (DJIA)

Bulls and bears struggling to gain control. DJIA managed to breakout from its downtrend line (Weekly) but is struggling to maintain its bullish momentum with the small Heikin Ashi body for the past few weeks. We want to see stronger buying actions from the bulls for the index to resume uptrend.

Forecast Direction: Sideways range between 24,000 - 24,900
Alternate Direction: Downward towards 23,400

Hang Seng Index (HSI)

Similar to DJIA, Bulls and bears are struggling to gain control of HSI. Index is trading in a triangle pattern, with bulls gaining control during the last week of trading in April. Thus, We will want the bullishness to continue translate into a bullish triangle pattern breakout. Though the monthly HSI are seeing bears in control but they are not as agressive, especially with HSI weekly MACD looking to flatten near its zero. This could possibly means the index is consolidating instead of downward trending.

Forecast Direction: Sideways range between 31,500 - 30,000
Alternate Direction: Downward towards 29,100

Disclaimer Applies.

Historical Stock Market Performance During the Year of the Snake (2025)

Historical Stock Market Performance During the Year of the Snake (2025) Introduction: The Chinese zodiac plays a fascinating role in shaping cultural beliefs and behaviors. Among the 12 zodiac animals, the Year of the Snake is often associated with intelligence, caution, and financial shrewdness. We take a simply review of three key indices, S&P 500, Hang Seng Index (HSI), and Straits Times Index (STI), annual performance during the Year of the Snake. Key Observations from the Data: S&P 500 Performance: Average annual return: 0.47% . Win/Loss ratio: 37.5% (3 years of gains vs. 5 years of losses). Notable years: 1989 marked a robust gain of 27.25% , while 1941 saw a steep decline of -20.22% , coinciding with global tensions during World War II. HSI Performance: Average annual return: -5.36% . Win/Loss ratio: 66.67% (2 years of gains vs. 1 year of losses). Notable years: The index's strongest year was 1989, with a return of 5.55% , while 2001 suffered a severe decli...

BYD Co (1211:HK) Witnessing Signs of Strength

BYD Co (1211:HK) Witnessing Signs of Strength On Friday, we observed strong buying within a wide trading range, with the stock closing near the day’s high and good volume recorded. The previous two days of selling showed relatively low volume, indicating potential supply exhaustion. The stock price is currently at a key resistance level, constrained by a downward trendline and a horizontal support-turned-resistance line. A breakout above this level could signal a potential trend reversal , with an initial technical price target of HK$300.00. The stock is outperforming the broader market, indicating strong market demand, as evidenced by our proprietary Relative Strength Indicator (RSI), which is above zero. Additionally, the volume momentum indicator (FFI) is improving, further supporting the possibility of supply exhaustion. The Stochastic indicator also continues to trend higher, reinforcing a bullish outlook. A stop-loss price is set below HK$248.40 . If the price falls below this l...

Mastercard Inc (MA): Mark Up Could Continue

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 zero supports the notion that price continue its mark up from here. First Technical Target is at US$557.00, while Trailing stop is set below 48Days Simple Moving Average. Disclaimers apply

Market Technician

Search This Blog