Skip to main content

Thoughts on Week Ahead: Week 8 Jan 2024

 




Thoughts on Week Ahead:
Week 8 Jan 2024

Hope you enjoyed the holidays and ready for the markets. Many investors would be interested what’s the markets ahead in 2024, so I’m sharing some interesting stats using Bard.

I asked Bard 2 questions. First, what is the year-end performance of S&P 500 if the first week of trading is down. Next, I’ve also asked what is the year-end performance for the Year of the Dragon.

The result is S&P 500 tend to see an average -6.8% return if first week ends negative. While, on a brighter note, year of Dragon experience an average real gain of +6.2% at the end of the year.

This proofs to be another year of staying adaptable to the investing environment and risk management.

Over the past week, markets mostly dipped after US FED minutes revealed reluctance to adjust rates lower as market has anticipated. Also, profit-taking ahead of the earnings season could have contributed to the selling.

Currently, support levels observed for S&P 500 is 4,650, STI at 3,150, while minor support level for HSI is at 16,500, and key support level at 16,500.

US Financial Sector is showing positive momentum. Thus, its components stocks would be our likely candidate for tactical trading.

We have nil set up for the week ahead and will alert when there is any. Wishing all a great trading and investing year ahead. 

Headlines for Week Ahead:
- Corporate Earnings (US Financials)
- US CPI report
- China CPI report, Trade report


Disclaimers apply

Most Popular

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...
Read more

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...
Read more

Live Webinar: Introduction to Tactical Allocation (The Basics of Trading)

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 strategy Steps to develop a personalized trading plan Who Should Attend: This webinar is perfect for: Individuals new to tactical allocation (trading) Those looking to enhance their financial literacy (in the area of tactical portoflio allocation) Anyone interested in understanding market dynamics Registeration:  Click  HERE (You will be lead to a SGX Academy registration website)
Read more