The Week Forward Would possibly 2023 – [STI, HSI, NASDAQ & S&P]


twenty first Would possibly, 2023, 4:35 PM

Fist bumps all spherical as US markets push upper with Nasdaq even breaking above Aug2022 prime! We’ve been bullish on america markets and feature been giving common updates so with a bit of luck you stuck this ruin!  Large tech led the acquire as investors/traders are changing into extra positive a few fee pause. What’s going to occur to the marketplace with a fee pause? Will marketplace development up or down? We’ll be answering that during our upcoming webinar on the finish of Would possibly. So check in HERE if you wish to in finding out what is going to occur.

The Greed and Concern index is beginning to creep up against the intense greed space which is excellent in the event you’re at the LONG aspect. When it is going into the intense greed that’s once we want to be alert as marketplace would possibly get started being too bullish.

For this week, take into account of Fed’s observation on Wednesday ( thursday morning native time) to get a affirmation in the event you’re going for a fee pause!


Straits Times Index 21st May 2023

STI got here all the way down to our goal enhance sooner than launching a rebound. Quick time period resistance at 3200 which used to be the former enhance. STI may just glance to wreck previous this and level a rebound to round 3260 ranges. Banks also are due for a rebound after falling for over 2 weeks. Blue chip shares like Capitaland Make investments, Challenge additionally may just see additional rebound into the week. =)


Hang Seng Index 21st May 2023

HSI as soon as once more the wild beast of the east noticed vast swings right through the week. It’s now in a sideway consolidation. Effects from giant tech shares like Baidu, Tencent, Alibaba had been just a little combined. Some did higher than anticipated whilst some got here beneath expectation. Knowledge popping out from China had been additionally now not as anticipated therefore some promoting got here in. G7 summit additionally added pressure as international leaders had been taking a look to clamp down on China’s rising energy.

With that at the backdrop, we would possibly see weak point within the HSI a take a look at of 19000. We want to see 19k grasp sooner than we will get started  to peer any other rebound.  A rebound again to 20k may well be at the playing cards very quickly and we’re looking at carefully for that. Shifting averages are already sloping down so extra drawback could be noticed.

Head over to our Fb to understand extra about our view on S&P500 and the most powerful index for now Nasdaq100.



Kelwin & Roy




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