The Week Forward Oct 2022 – [STI, HSI, NASDAQ & S&P]

Date:


sixteenth October, 2022, 7:17 PM

Disappointing CPI knowledge as inflation nonetheless stays stubbornly top. We noticed a actually WILD trip as Nasdaq moved over 5% in intraday motion on Thursday evening. Marketplace in reality clawed again its losses on Thursday evening getting back from being down 3% to finishing up 2%. However on Friday US markets gave up all positive aspects. We understand it will also be irritating when markets swing to wildly so its essential to cut back your lot measurement and making sure you’re discipling in chopping loss. Save your bullets to battle any other day.

For this week , China’s CCP assembly can be center of attention. New celebration leaders can be selected, expansion plans laid out and China’s plan at the world level may also be mentioned. Markets may additionally take some cue within the celebration’s plan when it comes to fighting Covid. Many are hoping that China will ease their stand on Covid lock downs in order that extra financial task can get started. However on the similar time, let’s no longer be too optimistically.

STI

Our Straits Instances Index additionally got here off as anticipated sooner than some rebound after CPI knowledge however was once quick lived as buyers took benefit on a aid rally. With Friday’s unfavourable shut, we would possibly get started off within the pink for the week and most definitely glance to battle our manner during the week. We would possibly transfer all the way down to 3000 a spherical quantity improve sooner than any rebound that would possibly come all through the later a part of the week.

HSI

After coming off as discussed ultimate week , the Dangle Seng Index attempted to search for a rebound however like STI, it was once quick lived. The 5ema acted because the resistance and HSI couldn’t keep above it. For this week, the CCP assembly will most definitely give us steerage to the place the HSI would possibly move to. It could consolidate across the 16k area and provided that it manages to stick above the 5ema then we would possibly see additional rebound to 17500 stage.

Do head over to our Fb web page for extra updates on S&P500 and the place it will head after the huge promote down. Updates for Nasdaq may be over there.

Yours

Humbly

Kelwin & Roy

 





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