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

Date:


sixth November, 2022, 10:21 PM

The S&P500 ended sure for the month of Oct whilst additionally going via one of the vital risky month of the 12 months. We’re simply lower than 2 months to the tip of the 12 months and we are hoping that you simply all had been turning sure on your buying and selling too. The hot rebound has helped relatively somewhat of your inventory selecting with some shares emerging over 15%!

The week used to be a hectic one as we noticed Fed elevating hike however what’s extra necessary used to be Fed’s ahead commentary and the place they suspect rate of interest will transfer as much as. Additionally, on China entrance, we’ve observed a monster rally over the last week as rumors about opening up for China sparked an enormous rebound. No smoke with out hearth?? However don’t be too over excited with this rally but. HSI has hit our 16,350 goal and retraced. Will percentage extra within the later phase.

Mid-term  elections is on 8 November which would possibly motive some brief time period volatility. Learn on as we percentage extra at the markets.

S&P 500

S&P 500 6th Nov 2022

Mid-term elections on eighth Nov will most certainly set the tone for the United States markets as focal point shift to the mid-term for subsequent week. Anticipating volatility as soon as once more and an upside goal of 3900 to be examined quickly. S&P 500 closed on the 20ema and we’re taking a look at it to near above that and re-test the resistance of 3900. Nov may be a seasonally upper month so hands crossed, we would possibly get every other just right month.

Nasdaq 100

Nasdaq 100 the weaker of the United States indices because it has extra tech corporations which is extra pegged to rates of interest motion. It discovered energy on Friday evening bouncing off its 10841 strengthen and shutting across the downtrend line resistance. For this week, we’re on the lookout for a ruin of that downtrend line and a verify of that 20ema resistance (11203). We will be able to see that this resistance is appearing as a powerful resistance thus far and worth turns out to hover round there. As soon as there you need to take earnings after which see how the markets reacts from there. The following resistance is on the 50ema at  11531.

STI

Straits Times Index 6th Nov 2022

YES! STI moved as much as our goal of 3124 because of the banks and a rebound of our blue chips. Shares like Sembcorp Industries, SIA, Wilmar all lent a hand serving to our index advance. For this week, international occasions will most certainly affect our STI, mid-term election and China’s information of reopening would possibly form our STI. For now present resistance at 3124 house, with close to time period goal at 3160. Banks will proceed to lend strengthen however will have to DBS shut underneath the 5ema our index would possibly get started pulling again.  A pullback to 3031 is wholesome.

HSI

Hang Seng Index 6th Nov 2022

Saving the most productive for ultimate! HAHA! HSI noticed a surge of over 9% for the week with rumors about China re-opening. Buyers began to pile in and shortist furiously overlaying shorts because the upswing in HSI used to be simply too fierce. Because the week improved, we noticed energy in HSI and issued an alert to our purchasers informing them of the bullishness within the index. Our 2d goal of 16350 used to be hit and simply great it began to retrace. It closed on the 20ema and we were given to observe this intently. As rumors about opening up led to the hold seng index to fly, a gathering on saturday quashes marketplace rumors with China vowing to stay with the their Covid 0 coverage.  This would give the index a brief time period blow and we would see weak point coming in as soon as once more. BUT, its no longer the tip but as the amount for this week used to be considerably upper and we’d be gazing very intently how the marketplace reacts to this prior to figuring out our subsequent transfer! So keep song. Discount hunters keep alert!

Really feel Loose to drop us a message if you wish to know extra.

Yours

Humbly

Kelwin& Roy

 





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