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Portfolio Management & Research


Portfolio Core Allocation

We are committed to the long-term management of finances through the continual investment in asset classes that align with anticipated macroeconomic trends.

This approach is based on a thorough analysis of current macroeconomic conditions and is backed by data demonstrating momentum.

Below is a chart illustrating the momentum of the equity index (S&P 500), which trends according to a significant macroeconomic indicator (US ISM PMI) and follows a cyclical pattern.






Portfolio Tactical Allocation

 
Also commonly known as short term trading. Observing the cyclical patterns between the macroeconomic factors and the equity index as discussed above, we incorporate these cyclical trends into the pricing structures of individual stocks. Subsequently, we streamline the momentum data and establish positions that align with the prevailing price trends, focusing on areas where the risk/reward ratio is most favorable.

Below are several of the primary price structures.

Image above: Price Cycle



Image above: Price Accumulation

Image above: Price Re-accumulation



Image above: Price Distribution




Image above: Price re-distribution

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Most Popular

Wyckoff's Law of Effort

Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.

DBS Group Holdings (D05): Upward Move Expectations

  DBS Group Holdings (D05) Upward Move Expectations Technically, price trading above 36.58, could see DBS Group retest  previous high of 38.55. Both Relative Strength and momentum indicator FFI are supportive of the move. Stop below 35.42 Disclaimers apply

Keppel DC REIT (AJBU): Expect price to trade towards S$2.00

  Keppel DC REIT (AJBU) Expect price to trade towards S$2.00 We have observed a decrease in technical supply at the S$1.80 support area during recent trading sessions. Furthermore, a softer interest rate outlook could be advantageous for the Data Centre operator.  Consequently, we anticipate the REIT to move towards our initial target of S$2.00, with the potential to reach S$2.20 if it breaks through resistance. Our stop level is set below S$1.72. Disclaimers Apply