Market Technician

  The equity market has been adversely affected by uncertainties surrounding interest rate hikes, causing it to decline. However, this decline has brought the S&P 500 and Hang Seng Index closer to their respective key support levels of 3,900 and 19,500. Following the release of hot PCE data on Friday, the market is now pricing in a peak US FED rate hike of 5.50% for the rest of 2023, which is being driven by strong US consumer spending. As a result, there is an interest in closely monitoring the technical price action at the above-mentioned support levels. Currently, there are no trading ideas for the upcoming week, but there is a preference for companies that focus on AI-related and reopening themes. Disclaimers apply

  S&P 500 Airbnb Inc (ABNB) Thoughts on Week Ahead: Week 20 Feb 2023 S&P 500 Technical Momentum Turned Uptrend Although there may be short-term volatility, the technical momentum for the US market has turned upward. As a result, we will be reallocating the SPY ETF back into our hypothetical portfolio. The travel sector is showing positive technical indicators, particularly Airbnb, which recently broke above its accumulation zone. Our Relative Strength and Fund Flow Index are also trending higher, suggesting that the price is likely to enter its Mark Up phase. Given these trends, we will be adding a tactical position in Airbnb (ABNB). Market participants are anticipating the release of the FOMC Minutes this Wednesday, significant event of the week . US markets will be closed on Monday in observance of Washington's Birthday. Headlines for Week Ahead: US FOMC minutes, US Jan PMI, US 4Q22 GDP (2nd), US Jan PCE, US market shorten trading week, Corp Earnings (Alibaba, HD, Coinba...

  Thoughts on Week Ahead: Week 13 Feb 23 Analysts Recommendation Revision, next market driver? Market Recap Markets experienced a volatile week,  S&P500 -1.11%, HSI -2.17%, due to uncertainty surrounding US FED interest rate policy. Dollar Index +0.57% spiked, causing a sell-off in some markets. Despite the selloffs and news headlines, market expectations for Fed fund futures remained at 5.25% for 2023. Outlook for the Week Ahead Volatility is expected to persist, particularly in HK and China. Meanwhile, US and SG markets are likely to experience sideways trading. DBS' results on Monday could set the direction for STI. Analysts could revise their target prices and ratings, following a year of downgrades, as China reopening is expected to have a ripple effect on more industries and markets. Weekly Investment Strategy We see recent market correction as an opportunity to pick up quality names in the market. As long as markets do not breach key support levels, we are using t...

  S&P 500 HSI Thoughts on Week Ahead: Week 6 Feb 2023 Market Outlook How strong was Friday’s US Jobs report? Strong enough to cause interest rate futures to shift by 25bps, resulting in a short term trend reversal for DXY, US 2yr Yield, and a selling in US equities market. Outlook aligns with market expectations, US economy will continue to function until 4Q23, when the 1st interest rate cut may occur, and a potential weak stock market. One other matric we are watching closely is momentum. For current uptrend to continue, we do not want indices to sell below 61.8% Fibonacci retracement level . Breaching this level signals market could trade sideways or may even return back to down trending environment.    Market selling may continue into the week ahead, banks should benefit from Friday’s US jobs report. Nil ideas spotted. We will be seeking out stocks with relative strength that may trend higher as the market stabilizes. Headlines for Week Ahead: Earnings Reporting (...