S&P 500 (SPX):
Back inside 6,550 - 6,920 trading range. Cautious as FFI mixed.
Tactical Trade:
As long index is above, 6,789. Long trade on pullback preferred
Long Term Direction:
Upward trend
Directional Probability:
Bullish (break above 6,920): 28%
Rangebound (6,550–6,920): 52%
Bearish (break below 6,550): 20%
Hang Seng Index (HSI):
Back at key 27,000 - 27,838 resistance zone
Tactical Trade:
Long trade on pullback are preferred
Long Term Direction:
Upward trend
Directional Probability:
Bullish (toward 28,500): 30%
Rangebound (26,265–27,383): 45%
Bearish (25,150-26,265): 25%
Straits Times Index (STI):
Bullish momentum continues, near 4,924 resistance, watchful for supply
Tactical Trade:
Long trades preferred
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (towards 4,924): 65%
Rangebound (4,692-4,808): 23%
Bearish (below 4,692): 12%
Week Ahead:
US Earnings: Boeing, GM, UNH, Starbucks, Caterpillar, Mastercard, Visa, American Express, Walt Disney, Chevron and Exxon Mobil
SG Earnings: REITs
US: FOMC, PMI, consumer confidence, PPI, federal funding deadline
China: Industrial profits, official PMI
Singapore: MAS monetary policy statement, ind prod, labour market
Disclaimers apply