Market Technician

  Week Ahead, 16 Sept 2024 Summary - The FOMC has a 50/50 probability of a 25 or 50 bps cut following weaker economic data. - Technically, the S&P 500 (US) and STI (SG) indices have moved higher. We have shifted our view to cautiously bullish, anticipating a broader price movement across equities rather than just the Mag7. - REITs continue to recover in a less hawkish interest rate environment. - The next technical projection for gold prices is US$2,850/ounce. Headlines for the week: - US FOMC - China LPR Fixing - SG Aug NODX, 2Q24 Employment, F1 Race Week Disclaimers apply

Capturing Alpha with Momentum Analysis ( Basics of Trading) Join us in this webinar and get the opportunity to meet a financial expert who will share quick bite-sized information on interesting investment topics, where you will gain broader perspectives and insights into the world of investing. Designed for budding traders, this webinar helps you learn the basics and guides you towards building your trade plans on the Singapore market. The Ecosystem of Singapore Stock Market Relationship between listed companies, brokers, SGX, and you What a transaction looks like Your Trading Goals Understanding differences between trading and investing Why is it important to learn basic trading techniques Type of Traders and Trading Techniques Types of Trading Products Key characteristics of indices, stocks, commodities Trading Products listed on SGX: stocks, Daily Leveraged Certificates, Structured Warrants CDP's Securities Borrowing and Lending Scheme Setting up Trade Plans on a weekly and mont

Mastering Technical Analysis:   Advanced Chart Analysis and Forecasting Techniques Join us for an engaging 2-hour webinar tailored for both beginners and experienced traders and investors. This session will deepen your understanding of technical analysis, empowering you to identify market opportunities and enhance your investing and trading decision-making process.   This webinar aims to provide a solid foundation in chart analysis, perfect for those looking to improve their trading skills, and for investors who want to align market price trends with their fundamental analysis.   What you will learn:   Decoding Price Movements – Understanding price ranges and what they reveal about stock trends. Learn the strategic actions to take based on these insights. Mastering Key Technical Indicators - Get hands-on with essential technical indicators. Discover how to tweak moving averages to pinpoint stock trends accurately. Advanced Forecasting Techniques - Explore the practical applications of

Normalisation of the yield curve after a prolonged period of inversion. Investors are somewhat concerned about this development, as it has often signalled an impending US recession. However, we remain open-minded, noting that the yield curve inversion in 2022 did not lead to a recession. Disclaimers apply

  ThaiBev (Y92) Thailand stock markets have some responded positively to Thailand’s new prime minister, Paetongtarn Shinawatra, and her government. This could bring continued optimism to Thai related stocks. Disclaimers apply

Week Ahead, 9 Sept, 2024 Broadcom Inc's earnings fell short of the expectations of the AI investing community. Not only did the stock decline by 10.36%, but tech-related stocks and the NASDAQ 100 also experienced significant losses, with the latter dropping by 2.69%. The selling pressure was exacerbated by the August US non-farm jobs report, which came in at 142,000, below Wall Street's forecast of 160,000. Additionally, we observed a normalisation of the yield curve after a prolonged period of inversion. Investors are somewhat concerned about this development, as it has often signalled an impending US recession . However, we remain open-minded, noting that the yield curve inversion in 2022 did not lead to a recession. Given this week's performance, S&P 500 is now consolidating in a lower highs trend, non-bullish observation , but stayed above key support levels. Thus, we have adjusted our stance on the US equities market from bullish to neutral.  China stocks also fac

  DBS Group Holdings (D05) Upward Move Expectations Technically, price trading above 36.58, could see DBS Group retest  previous high of 38.55. Both Relative Strength and momentum indicator FFI are supportive of the move. Stop below 35.42 Disclaimers apply

  Week Ahead: 2 Sept, 2024 While the Destined One was busy recovering relics in the blockbuster game Black Myth: Wukong, the markets continued their rally. The Dow Jones Industrial Average (DJIA) closed the month at a record high of 41,335.05. In Asia, the Hang Seng Index gained 1.14%, and the Straits Times Index added 1.13% for the week. The overall U.S. economic narrative continues to suggest a 25 basis points (bps) cut in September, with some possibility of a 50 bps cut. As mentioned previously, we intend to continue trading the rally until key data or technical indicators suggest otherwise. From the performance of various indices, we can observe that stocks outside the Mag7 are experiencing broader catch-up, which also suggests this is where we should look for our trading setups or alpha. We expect both the S&P 500 and STI to retest their respective highs, which are not too far away. USD weakness remains as one of the key catalyst fueling the performance of Asian equities. No