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Week Ahead

 



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 developments, we plan to be particularly selective on our trades over the next week.

Lastly, please note that US markets start 9.30pm (SG) as US daylight savings starts.


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