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 major technical
observations sighted.
Long Term:
· S&P 500 (SPX) trend remains upward
· Hang Seng Index (HSI) trend remains
upward
· Straits Times Index (STI) trend neutral
to upward trend.
Headlines Next Week:
- US PMI, Shortened trading week (New Year’s Day)
- China Caixin
PMI
- SG Bank
Lending, SIPMM Mfg PMI, Retail Sales
Disclaimers
apply