Market Technician

American Express Co. (AXP) – Consolidating for Potential Breakout The chart of American Express Co. (AXP) highlights a potential breakout scenario, drawing attention to traders seeking strong risk-reward setups. Below is a detailed analysis of the stock’s price action and technical indicators to inform your trading decisions. Market Structure and Price Action AXP has been consolidating just below the USD 308.00 resistance level, forming a tight trading range. This pattern suggests a possible accumulation phase, with market participants preparing for the next significant price move. The range-bound nature of the stock offers a clear breakout level that, once breached, could trigger upward momentum. Technical Indicators Relative Strength Index (RSI): The RSI currently stands at 10.37 , showing that the stock is outperforming the broader S&P 500 index. This relative strength aligns with bullish sentiment and points toward the possibility of continued upward momentum. FFI Indicator: ...

AAC Technologies Holdings (2018) - Potential Breakout and Mark Up  AAC Technologies Holdings (2018) is showing signs of a potential breakout scenario based on the current chart setup and technical indicators.  Price Structure The stock has been consolidating in a range near the HKD 37.75  level, signaling potential accumulation. This consolidation is occurring just below a resistance zone at HKD 40.40 , which is key for a breakout confirmation. If the price breaks above this level, it could attract bullish momentum and initiate a new markup phase. Technical Indicators Relative Strength (RS): The RSI is currently at 15.57 , indicating that the stock’s relative strength is outperforming the broader Hang Seng Index (HSI). This aligns with bullish sentiment and suggests underlying strength in the price action. FFI Indicator: The FFI indicator is subdued, which often reflects a low-volume environment during selling phases. This is a healthy sign during consolidation and suppor...

Week Ahead: 6 Jan, 2025 The upcoming week promises to be an intriguing one for financial markets as investors remain cautious and focused on key developments. Major markets have continued to trade within a defined range , reflecting a wait-and-see attitude as participants anticipate the upcoming corporate earnings season. Additionally, much attention is directed toward the policies of US President-Elect Donald Trump, who is set to be inaugurated later this month. Market watchers are eager to discern how his administration's approach might influence economic and regulatory landscapes. In notable individual stock activity, Warren Buffett has made headlines with increased stakes in several companies. Over the past two weeks, Berkshire Hathaway has added to its positions in Occidental Petroleum (OXY), Sirius XM Holdings (SIRI), and VeriSign (VRSN). These moves continue to showcase Buffett's long-term investment strategy and his confidence in these businesses. Lastly, investors sho...

Historical Stock Market Performance During the Year of the Snake (2025) Introduction: The Chinese zodiac plays a fascinating role in shaping cultural beliefs and behaviors. Among the 12 zodiac animals, the Year of the Snake is often associated with intelligence, caution, and financial shrewdness. We take a simply review of three key indices, S&P 500, Hang Seng Index (HSI), and Straits Times Index (STI),  annual performance  during the Year of the Snake. Key Observations from the Data: S&P 500 Performance: Average annual return: 0.47% . Win/Loss ratio: 37.5% (3 years of gains vs. 5 years of losses). Notable years: 1989 marked a robust gain of 27.25% , while 1941 saw a steep decline of -20.22% , coinciding with global tensions during World War II. HSI Performance: Average annual return: -5.36% . Win/Loss ratio: 66.67% (2 years of gains vs. 1 year of losses). Notable years: The index's strongest year was 1989, with a return of 5.55% , while 2001 suffered a severe decli...

  FTSE Bursa Malaysia KLCI Index  (EWM ETF) : Bullish Breakout, Expect Momentum to continue  The FTSE Bursa Malaysia KLCI Index is showing promising signs of bullish momentum as it closes the year with a strong breakout above a key descending trendline.  Key Observations 1. Breakout from Downtrend Line The index has decisively broken above a descending trendline that has been acting as resistance for several months. This breakout signals a potential trend reversal, transitioning from a bearish phase to a bullish outlook. A breakout of this nature often indicates increased buying pressure and investor confidence. 2. Critical Levels to Watch Support Level:   The key support is at 1,588.16. This is the stop-loss level for bullish positions and serves as a safety net should the price retrace. Resistance Levels: First Target (1,647.43): This is the immediate resistance and the first profit-taking zone for traders. Second Target (1,677.06): If the price sustains abo...

  Week Ahead: December 30, 2024 Macro News Summary: ·    Markets largely traded sideways as we approach 2025, bidding farewell to another positive year in 2024. ·    Quantum Computing stocks like RGTI, QBTS, and QUBT are showing a climactic trend, memories of the AI frenzy in 2021. Consider using trailing stops, such as the 13-day SMA, to manage risk. Reduce your holdings or take profits if prices trade below these levels. ·    No specific ideas for the upcoming week. ·    Note: This is a shortened trading week due to New Year’s Day. Medium Term: ·  S&P 500 (SPX): S&P 500 trading within a range bound 5,860 - 6100. We are monitoring technical signal for directional move. ·   Straits Times Index (STI): STI trading within a range bound, 3,700-3,850. We are monitoring technical signal for directional move. ·  Hang Seng Index (HSI): Hang Seng Index (Grey) continues to trade around 19,500 support zone. Nil...