Market Technician

  Mixed market outlook for final week of 2023 On US market , we remain bullish on S&P 500, however as index nears 4,800 level, we are turning cautious for short term volatility and on the lookout for signs of supply. On SG market, we continue to have a short term bullish view that index will retest 3,180 level  and could test 3,260 zone as demand continue to dominate the trading sessions. On China market, we are glad that a "Spring" pattern occurred on the China A50 index. Rebounding above 11,200 after falling below, signalling potential weak supply. Staying above 11,200 could see demand developing.  We will be selective on trades for all markets till year end. Thank you for your support whole year round. We continue to value add to the community's investing and trading journey.  Disclaimers apply

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  DBS (D05): Expecting Short Term Upward moment We have initiated a LONG (Bullish) trade in view of technical momentum building. Price is trading at support with volume indicator, FFI, and momentum indicator, MACD, turning positive. We have expectations of price retesting S$33.00. Stocks usually experience a more positive trend at year end , probable reasons include institutions rebalancing and investors year-end positive sentiments. Target: 33.00 Entry: 31.69 Stop: 31.00  Disclaimers apply

  Capland Ascendas REIT (A17U): Broke above key down trend line. Div yield at 5.27%. Mapletree Ind Trust (ME8U): Broke above key down trend line. Div yield at 5.46%. Upward trend expected for both REITs. Disclaimers apply.

  Thoughts on Week Ahead: Week 18 Dec 2023 Capitalising on Interest Rate Shifts: Promising Sectors & Assets Markets navigate divergent paths in the shadow of recent central bank announcements. While the S&P 500 finds support at 4,650 and eyes resistance at 4,800, buoyed by dovish FOMC signals, China A50 remains subdued, breaking below its 11,142 October 2022 support as worries linger around real estate restructuring. Meanwhile, the Straits Times Index surprised with a short-term momentum shift, breaking above its down trendline. We expect the index to retest its immediate resistance at 3,175, with further potential towards 3,258. However, our long-term view remains cautious due to bearish signals from the LT Cycle model. In light of the evolving interest rate landscape, we see opportunities in interest-rate sensitive sectors and asset classes, particularly REITs and bonds . As central banks pivots from its rate hike policy, these assets stand to benefit from increased demand

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  Thoughts on Week Ahead: Week 11 Dec 2023 Our perspective on the market remains similar with last week's analysis. The S&P500 index is expected to move towards the 4,650 range. However, on Singapore Market, STI is challenging its key trendline, a breakout could set the index higher towards first resistance at 3,180-3,200 zone. China markets continue to trend lower searching for support. We continue to identify tactical trading opportunities in the US market , while exercising selectivity in to the Singapore and Hong Kong markets. Headlines for Week Ahead: - US FOMC - Global PMI Disclaimers apply.  

  Thoughts on Week Ahead: Week 4 Dec 2023 Our perspective on the market remains consistent with last week's analysis. The S&P500 index is moving towards the 4,650 range , and both the Singapore and Hong Kong markets are showing a somewhat weaker trend. We continue to identify tactical trading opportunities in the US market, while exercising selectivity in to the Singapore and Hong Kong markets. Headlines for Week Ahead: - US Nov Non-farm Payroll - China CEWC, Nov CPI - SG Nov PMI, Retail Sales Disclaimers apply.