Week Ahead 4 - 8 May 2026
Headlines:
US Corp Earnings: Palantir, AMD, Pfizer, McDonald's, PayPal, Disney, Uber
SG Corp Earnings: UOB, OCBC
US: ISM data, Employment & NFP, US Fed officials speak
China: Labour Day holidays, PMI, trade data
Singapore: PMI, Retail sales
S&P 500 (SPX):
The index pushed higher toward 7,455 but FFI indicator decelerated for the third consecutive week. Remains bullish but cautious.
Tactical Trade:
Long on dips toward 7,003 - 7,100. Partial profit-taking at 7,300–7,350
Long Term Direction:
Upward Trend, LT Cycle indicator remains positive
Directional Probability:
% lowered as FFI remained positive but weakened for past 3 weeks.
Bullish (Towards 7,455): 40%
Back to Range (6,550–7,002): 50%
Bearish (Towards 6,099): 10%
Hang Seng Index (HSI):
Index testing gap support and FFI reverting to neutral. Range compression between 25,600 and 26,500 signals directional move.
Tactical Trade:
Neutral, as trading range is compressed
Long Term Direction:
Upward Trend, LT Cycle indicator remains positive
Directional Probability:
Watching for directional signal
Bullish (Break Above 27,383): 20%
Rangebound (25,150–27,383): 60%
Bearish (Break below 25,150): 20%
Straits Times Index (STI):
Maintain a cautious stance on the index. Despite the recent rebound from a two-week correction, the deterioration in the FFI signals waning momentum. We expect the index to trade below the 5,041 resistance level this week.
Tactical Trade:
Neutral, FFI turned negative
Long Term Direction:
Upward Trend, LT Cycle indicator remains positive
Directional Probability:
Expecting range bound action with FFI turning negative.
Bullish (Break above 5,041): 15%
Rangebound (4,697 - 5,041): 60%
Bearish (below 4,697): 25%
Disclaimers Apply