Market Technician

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)

  An analysis of Bitcoin CME Futures on a daily timeframe.  Relative Strength (aganist Gold) : The indicator is moving upward. This indicates the current uptrend has room to continue before potentially becoming overextended. Fund Flow Index : The is positive values indicate buying momentum, while the increasing bars suggest growing bullish momentum. Key Fibonacci Levels: 1.618 extension around $74,415 (acting as previous resistance). 2.618 extension at $78,290 (potential short-term resistance). A major target near $90,000, aligned with the 4.236 Fibonacci level. Price Target and Resistance Zone : A significant price target is set at $90,000, highlighted in green. This zone aligns with a 4.236% Fibonacci level and Range Projection. This could also act as a resistance if the price approaches it. Summary : The overall trend appears bullish with momentum indicators supporting an upward movement. Current breakout could lead to a test of the $90,000 level. However, if the price falls below $

  Week Ahead, 11 Nov 2024 Macro News: After the Chinese National People’s Congress concluded on Friday, markets again overestimated Beijing to boost the property sector and the economy. However, the key takeaway from the meeting was that the Chinese government is still taking calculated steps — or perhaps holding back resources in preparation for a potential President Trump 2.0. Either way, the market reaction was negative, with HSI futures down 1.57% at Friday’s close. Our view is to watch for signs of supply exhaustion as a potential entry point into the Chinese markets, as the government continues to support the economy, albeit at a slower-than-expected pace. On U.S. markets, our short-term bearish stance reversed after the U.S. election concluded. Indices recovered sharply as uncertainties were cleared, with the "Trump Trade" coming in play. Medium Term: • The S&P 500 is facing resistance at 6,000. The index has returned to an upward trend, but we remain cautious in t

  NetLink NBN Trust (CJLU): Regaining Technical Momentum After Consolidation The technical momentum indicates that NetLink NBN Trust is transitioning from an Accumulation phase to a Markup phase, with targets set at S$0.94, 0.99, and 1.04 . Price action and volume suggest that strong hands are in control, absorbing supply and preparing for a potential bullish move. The stock's relative strength is above zero, implying that it is outperforming the market index (STI), which suggests increased demand. Additionally, the volume-based indicator, FFI, has made a similar upward move, indicating a potential increase in demand for the stock. For risk management, a stop below S$0.98 would invalidate this analysis. Disclaimers apply.

  Week Ahead, 4 Nov 2024 Macro News: - The US FOMC meeting is anticipated to result in a 25bps rate cut. - Funds shorting SGD, betting on slower global trade if Donald Trump wins the US Presidential Election. Thus, weaker global currencies and a stronger dollar. - China’s manufacturing PMI re-entered expansion territory in October. - Companies are ramping up efforts for Double 11 sales. - Nil trade set up for the week ahead. Medium Term: - S&P 500 is expected to move downward in the short term, with the first support level around the 5,600 zone. If the S&P 500 breaks above the 5,800 mark, the downward trend would be invalidated. The FFI has declined, and a sign of weakness was observed on 31/10/24. - STI is likely to trend lower, with initial support at the 3,480 level. Only if the index trades above the 3,650 level will the downward trend be considered invalid. - HSI remains at its first support level of 20,600, aligning with the 38.2% Fibonacci retracement. Long Term: - S&