Week Ahead 20 – 24 July 2026
Headlines:
US Corp Earnings: GOOGL, IBM, Intel, Tesla, General Motors, AT&T, Exxon Mobil, American Express, Lockheed Martin
SG Corp Earnings: Mapletree Ind Trust, Keppel DC REIT
US: Jun PMI
China: Jul 1-Year & 5-Year LPR fixings
Singapore: Jun CPI, MAS Quarterly MPS announcement
S&P 500 (SPX):
The index was rejected at 7,620 for a third time and closed -1.01% at 7,457.69. Though FFI improved, we are monitoring for major demand or supply shift.
Tactical Trade:
Range trade. Buy the 7,380–7,420 zone with stops below 7,333, target 7,550–7,600. Preferred sector includes Energy, Financials, and Healthcare.
Long-Term Direction:
Upward Trend
Directional Probability:
Bullish (Breakout 7,620 towards 7,900): 20%
Range (7,333–7,620): 60%
Bearish (Breakdown 7,333 towards 7,060): 20%
Hang Seng Index (HSI):
Index faced at 25,146 after multiple session advance from 22,910 support. FFI surged sharply, probability leaning towards the index breaking out of the current downward trend channel.
Tactical Trade:
Selective Long. Entry on pullbacks toward 50% retracement zone, 23,800–24,000.
Long Term Direction:
Neutral
Directional Probability:
Bullish (Break 25,146, toward 27,383): 35%
Rangebound (22,910–25,146): 60%
Bearish (Break 22,910, toward 20,688): 5%
Straits Times Index (STI):
FFI surged higher, while index is near its upward channel upper boundary. Thus, we index to move sideways before trading higher, or index could cautious move higher.
Tactical Trade:
Long bias intact, entry on dips toward 5,400–5,450. Target 5,728
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (5,385, towards 5,728): 60%
Rangebound (5,041 – 5,385): 40%
Bearish (Break 5,041, towards 4,697): 5%
Disclaimers apply
Disclaimers apply