Mar[5] - Market Updates

Oil:

Crude oil has been rally since beginning of 2019. Recent price is testing resistance ~ 61. Shall it be breached, next stronger resistance shall be ~ 64, where it formed triple bottom break down on late 2018. Exemption on Iran sanction was extended. Slower pace of global economy could reduce oil demand as well. It's worth to take note that recent up-swing is in tandem with US stock indices. A correction from stock market could affect trading sentiment on oil market as well. Traders could position on oil price with following ETF.

Trade on bullish Oil: Oil ETF (ticker: DBO)

Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Mar[3] - Market Updates

Singapore:

STI has been hovering around its 200 days moving average. 3180 serves as support for now. Coming week will be FOMC meeting. Powell has been emphasizing his patience on rate hike, so there might be any surprise next week. Shall US indices continue to rally, STI shall be moving upwards on it's 200 days moving average soon. 

Mar[1] - Market Updates

US:

DOW Jones showed some fatigue from it's rally since last Christmas. It down ~ 3% for last trading week. 25000 shall be immediate support. Market might need time to digest latest job data which showed a dip in growth. Next FOMC will be in two weeks time. Since Powell has been emphasizing his dovish stance to market, recent downfall could be a healthy correction. Former Federal chair person, Yellen even suggested potential rate cut last month...

Feb[4] - Market Updates

US:

DOW Jones is approaching to its historical high ~ 27000. Against all odd, it has broken all conventional resistance for last month rally. Looking it's movement since 2018, there would be 3 peaks as highlighted as #1, #2 and #3 (undergoing) in chart below. Interesting to note that it could be an head and shoulder formation (bearish) shall current rally fail to break previous peak #2. Market players shall pay attention to US index movement on following weeks.

Market Calendar:

Next week will see earning from Raffles Medical, UOL and Golden Agri

Feb[3] - Market Updates

Oil:

Crude oil could have come to crucial boundary for potential formation of reverse head and shoulder. Shall it break 55.7 decisively, new high could be seen soon. ETF would be convenient tools for trading on such volatile index.

Trade on bullish Oil: Oil ETF (ticker: DBO)

Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Market Calendar:

Next week will see results from DBS, UOB, Sembco, Semb Marine, Wilmar, Venture, Genting, ST Eng.

Feb[1] - Market Updates

Singapore:

200 days moving average is commonly taken as critical reference (support/resistance) for market index. STI broke its 200 days moving average on last year March, and resumed its downtrend thereafter. In tandem with US market rally, STI is going to test this major resistance on coming weeks. Investors could take opportunity of recent rally to reshuffle portfolio. 

Market Calendars:

Several blue chips are going to release latest earning results next week.

Jan[6] - Market Updates

Crude Oil:

In tandem with DOW Jones, crude oil has recovered it's lost ground since last month. Potential sanction to Venezuela neutralized rising oil output from US. Shall 54 to be broken, oil price could head toward 64 which is next stronger resistance. Coming week will be first FOMC of 2019. It could decide movement of USD thus affect commodities which usually move in reverse. Traders could position by oil linked ETFs.

Trade on bullish Oil: Oil ETF (ticker: DBO)

Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Market Calendars:

Few more REITs are going to release latest earning results next week.

Jan[4] - Market Updates

US:
DOW Jones has been rallying for four consecutive weeks upon last Christmas. Resistance ~ 24300 (R1) was broken last week. Market was cheering for potential easing of trade tension between US and China. US Federal tends to be much dovish regarding to rate hike path ahead. Oil price has been stable as well. At the moment, most positive catalyst are playing out in market sentiment. Looking forward, a downward trend line (R2) could serve as next resistance. Profit taking could be in action shall any small negative news in play.

Earning results among listed companies would be next attention among markets. Some of the US index stocks missed forecast of earning. Local blue chips yet to release any results. Barring unforeseen scenario, ~ 22400 would serve as strong support for any price correction ahead.

Market Calendars:

Capitaland, Keppel Co, SGX and few REITs are going to announce earning results on coming week.

Jan[3] - Market Updates

Singapore:
STI successfully broke resistance 3189 on last trading day. US Federal's dovish tone and US-China trade talk changed market sentiment. Recent selling headwind might have paused for the moment. Coming weeks would see result announcement among listed companies. Earning prospect of big companies could draw more attention ahead. Investors shall take opportunity to re-shuffle portfolio before next volatile cycle.

Jan[2] - Market Updates

Oil:
Following rally among equities, crude oil has been rebounding from recent low as well. Support ~ 42 was well sustained. As price has fell > 40% from last peak, a trading opportunity could be presented for the commodity. ~ 64 is stronger resistance. Trader could utilize ETF below for trading

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Jan[1] - Market Updates

US:
Due to downfall of 20% from recent peak, both S&P500 and NASDAQ have entered bear market officially before Christmas. DOW Jones pulled its brake just around that boundary, but broke down from its long term support on 200 days moving average (blue line) miserably as shown below. Looking backwards, similar scenario happened on 2015 as highlighted in orange.

The 10 years bull has came to a rest. It would be everyone's guess for its next move. As uncertainty is the only norm in market, investors shall exercise careful measures for his investment decision as always. Over-worried on big crash might end up missing opportunity. Let your money work harder is always one way leading towards financial freedom.

Dec[5] - Market Updates

Singapore:
General definition for bear market refers to 20% plunge from recent peak of any index. Two major indices from US, S&P500 and NASDAQ entered the bear territory one after one since last Friday. STI has been suffering selling headwind since mid of the year, but still shy away from its bear market boundary ~ 2890. 2960 serves as immediate support, which could be tested soon, shall US market continue to sell down.

Most investors have been waiting for bargain hunting window in bear market. STI ETF actually provide one of the most convenient and less risky means. It tracks STI movement which actually derive its price among 30 companies. While waiting for market turn back into bullish phase, shareholders are entitled for dividend as well. Chart below shows how the STI ETF has been moving since oil crisis 2016 till now.

Dec[4] - Market Updates

US:
DOW Jones continued to sell down last week. Support ~ 24300 already given way, 2018 bottom ~ 23500 poised to be tested next week. Chart formation from last Sep repeated what happened from last Jan to Mar. It would be interesting to see whether the boundary line would be broken this time. FOMC next week Tuesday could be decisive factor for market direction on next year. 

Dec[2] - Market Updates

US:
DOW Jones were rallying before G-20 meeting last weekend. Surprisingly, it peaked while market were cheerful about trade truce between US and China on last Monday. Downfall accelerated afterwards. Arrest of Huawei's CFO and yield curve inversion were catching market attention this week. Such a drama week proved again that uncertainty is the only certainty in market. Two weeks later will be last meeting among US Federal Reserve on 2018. Monetary policy for 2019 should be the major concern.

~ 24300 will be immediate support for DOW. Shall it broken, next stronger support would be ~ 23500. If this is broken also, more downside shall be ahead.

Relevant News:
[1] https://www.bloomberg.com/news/articles/2018-12-06/huawei-cfo-arrest-pursued-by-u-s-despite-risk-to-xi-trade-talks
[2] https://www.bloomberg.com/opinion/articles/2018-12-05/inverted-yield-curve-will-fed-act-to-avoid-recession
[3] https://www.bloomberg.com/news/articles/2018-12-06/powell-says-u-s-labor-market-very-strong-by-many-measures

Dec[1] - Market Updates

Oil:
Crude Oil has been down ~ 30% since early October. An upward trend line (in blue) was broken. Current price found soft support ~ 50. Shall down swing persist, next stronger support could be ~ 43 (in brown). The sharp fall was triggered by ever rising production from Saudi and US. Sanction on Iran saw some countries being exempted for 6 more months.

Such a big fall could pave the way for strong rebound in near future. Meeting among OPEC and Russia will take place on early Dec. Geographical tension could simulate buyer's interest into the black gold as well. Trader could take position by following ETF which track movement of oil price.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Nov[6] - Market Updates

US:
DOW Jones has been weakening ever since hitting historical high on late Sep. Last rally on Nov ended lower, so a lower high formation was formed. Immediate support 24000 would be tested on coming week. Major support is ~ 23600. Shall both supports give way to the bear in forming, more downside could be seen. Recent plummet of oil price accelerated downfall of market. The last FOMC on year end shall be drawing more attention.

Nov[4] - Market Updates

Oil:
Crude oil showed sign of rebound from support 55. US has been building oil stocks over past few weeks, but OPEC has also signaled potential production cut for meeting on coming Dec. As one of the volatile commodity, trader could utilize following ETF for potential up and down swing of oil price. Shall price swings up, 64 could be immediate resistance.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Nov[3] - Market Updates

Oil:
Crude oil broken support ~ 60 on last trading day. Shall downfall persist, next stronger support would be ~ 55. US shale companies have be ramping up production. Although Iran was banned from exporting crude, US announced waiver for few major importer countries. Technically price could rebound anytime. 64 shall be resistance. ahead. Trader could take position by following ETF on such swinging and volatile condition of oil.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Market Calendar:

Nov[1] - Market Updates

Singapore:
Ahead of US mid term election next week, there was mix of voice from US regarding its stance on trade deal with China. Overwhelmed by optimism, regional market were riding on small rally till end of last trading day. STI rebounded strongly from it's 3 years support ~ 2966. It's still early to judge whether bear run ended. Investor shall take the opportunity to reshuffle portfolio.

Market Updates:

Oct[3] - Market Updates

Singapore:
STI formed a triple top break up on 2016. Since Trump was elected as president, market has been charging forward in full gear. Recent sell down brought STI back to where it began. Shall 2960 been broken, more downside could be seen. STI ETF would be one useful instrument for long term investor in such a market condition. Investors could collect dividend while waiting for next rally. Dollar cost averaging is recommended so not to miss any opportunity of catching bottom.

Market Calendar: