Weekly Markets Outlook

Week 22 April 2024

Be mindful of potential market volatility next week as several US mega-cap companies are announcing earnings.

Risk-off sentiment continues to weigh on US stocks as hopes for interest rate cuts fade. However, it's worth noting that US financials remained resilient during the sell-off due as the banks benefit from high-interest margins.

Interestingly, US listed Chinese tech companies were largely unaffected during Friday’s tech sell-off, which could indicate supply exhaustion and potential trade or allocation opportunities.

Heads up for the Singapore market next week as market will due to soften in view of DBS going ex-bonus on Monday.

This week, constrained retaliation actions by countries in the Middle East provide some level of relieve for investors and global citizens.

Nil trade set-up for the week ahead but will update when we identify any.

Headlines for the week:
- US Corp Earnings (Alphabet, Amazon, Microsoft, Meta, Visa, Tesla, GE, UPS, Lockheed Martin, Qualcomm, IBM, Caterpillar, Spotify)
- SG Corp Earnings (REITs, Keppel, Capitalnvest)
- US PMI, PCE, 1Q24 GDP
- China LPR fixing
- SG Mar CPI, Ind Prod

Disclaimers apply

Historical Stock Market Performance During the Year of the Snake (2025)

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...

Week Ahead: US Indices Momemtum in Question

Week Ahead: 10 March 2025 Key event this week was U.S. indices technically closed below the key 30-week (or 150-day) moving average . For the upward trend to continue, the indices need to reclaim levels above the moving averages. Remaining below the 30-week (or 150-day) moving average could indicate that the upward trend has reversed downward. However, in the short term, we expect a rebound as the indices trade near their respective support levels. Medium Term: S&P 500 (SPX): The S&P 500 broke below its key upward trendline, which had been established since October 2023. In the longer term, we expect the index to trade sideways or move in a downward direction. In the short term, we anticipate the S&P 500 will find support at the 5,700 level and could rebound to test the 5,860 and then the 5,966 resistance zones. Straits Times Index (STI): The technical trend remains bullish. We maintain a constructive outlook while staying vigilant for any sig...

Palantir Technologies Inc PLTR: Technical Rebound at Sight After US Broad Market Stabilises

Palantir Technologies Inc. (PLTR) USD86.24 Palantir (PLTR) posted a bullish reversal, closing above the 13-day SMA (83.56) with significant volume expansion. This signals potential momentum strength in the near term. First key resistance zone between the 50% and 61.8% Fibonacci retracement levels (USD 99.85 – 105.79), which could present selling pressure. Disclaimers apply

Market Technician

Search This Blog