Weekly Market Outlook

Week Ahead: 19 Aug, 2024

Gold prices have hit a fresh record high, supported by a softer dollar and a lower interest rate outlook.

With the earnings season coming to a close, the S&P 500 has resumed its upward trend and could retest its July high of 5,670 as investors return to the equities market following last week’s unwinding of the JPY carry trade.

The STI may continue its upward momentum, boosted by better export data reported on Friday, with a potential retest of the 3,400 zone this week, marking a 61.80% retracement of the current wave.

The China A50, a leading indicator of the China and Hong Kong equities markets, is currently at a critical support level of 11,500. Investors will be closely watching for any catalysts from the Central Government or corporate earnings that could drive demand for Chinese and Hong Kong equities.

Headlines for the week:

- US Jackson Hole Symposium, FOMC Minutes,

- China LPR Fixing

- SG Jul CPI

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: Trump Trade and the Resilient US Economy

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Yangzijiang Shipbuilding Ltd (BS6) – Bullish Momentum Boosting Near-Term Outlook

Yangzijiang Shipbuilding (YZJ) has been exhibiting favourable technical and fundamental observations. 1. Technicals The chart shows a price breakout above S$2.75 , which had previously served as a strong resistance level. This breakout occurred with increasing volume, indicating strong buying momentum. Price Targets: - 1st Target: S$3.0 - 2nd Target: S$3.20 - Trailing Stop Loss Box (7): S$2.36 (Current) These targets are in line with Fibo extension, 1.618% (S$3.02) and 2.0 (S$3.19). Support and Stop-Loss Investors should keep an eye on the trailing stop at S$2.36 , derived from current Box (7) value. Relative Strength While the stock is outperforming the STI index , the relative strength index (RSI) is not yet overbought, signaling room for further upward movement. 2. Fundementals YZJ's robust strong order and underlying structural trend in s hifting to clean Energy Vessels container and LNG vessels, continues to support company's order book , which extends i...

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