Week Ahead: Investors Grow Familiar with TACO Pattern, Focus on Earnings

 


Week Ahead 13 – 17 July 2026

Headlines:

US Corp Earnings:  JPMorgan, Bank of America, Citigroup, Goldman Sachs, and Wells Fargo BlackRock, Johnson & Johnson, Morgan Stanley, GE Aerospace, UnitedHealth Group, and Netflix

SG Corp Earnings:
SATS

US: Jun CPI, retail sales, Ind Prod, Warsh Fed Chair congressional testimony, BOC rate hold, Beige Book, FOMC speakers

China: 2Q GDP, Jun trade data, Ind Prod, retail sales
Singapore: 2Q prelim GDP, Jun NODX

S&P 500 (SPX):

Index recovered and is now testing 7,620 resistance. As FFI remains mixed, expectations is bullish but cautious and will be watching for potential supply.
 
Tactical Trade:
Long bias but trim into 7,600–7,620 resistance given thin FFI. Re-enter on breakout above 7,620 (target 7,900), ahead of CPI. Healthcare, Financials, selective semi-con preferred.
 
Long-Term Direction:

Upward Trend
 
Directional Probability:

Bullish (Breakout 7,620 towards 7,900): 30%
Range (7,333–7,620): 55%
Bearish (Breakdown 7,333 towards 7,060): 15%

Hang Seng Index (HSI):

Index reclaimed 22,910 and FFI flipped positive. Expecting recovery with first target at 25,146.
 
Tactical Trade:

Long. Entry on pullbacks toward 23,800-24k zone. Stop below 22,910. Target 25,146.
 
Long Term Direction:

Neutral
 
Directional Probability:

Bullish (Break 25,146, toward 27,383): 30%
Rangebound (22,910–25,146): 50%
Bearish (Break 22,910, toward 20,688): 20%

Straits Times Index (STI):

STI cleared the 5,385 target, +9.56% in a month, With FFI surging, expect upward trend to continue but index could take a breadth around 5,400 - 5,500 zone.
 
Tactical Trade:
Long bias
 
Long Term Direction:
Upward Trend
 
Directional Probability:
Bullish (5,385, towards 5,728): 45%
Rangebound (5,041 – 5,385): 50%
Bearish (Break 5,041, towards 4,697): 5%