17th May 2024 (Fri) Daily Market Outlook
Summary - What Is Happening In The Markets
U.S equity markets took a breather and held steady overnight. S&P and NASDAQ futures index both dipped by -0.26%and -0.3% respectively. This was more due to the profit-taking moves by traders since the major indices made new highs. Unemployment claims data last night fell but not as much as the market expected, showing that we are still seeing some softness in th...

What We Said At The Start Of This Week:
Tencent (700HK)
Daily Chart - [BULLISH ↗ **] Tencent showing a very strong bullish push. With the price holding above 360.00 support, a further push up towards 413.00 resistance is expected. Technical indicators are also advocating for further bullish upside.
Alternatively: A candlestick close below 360.00 support will open a deeper pullback towards 335.00 support.
What’s happening today
The tech...

16th May 2024 (Thurs) Daily Market Outlook
Summary - What Is Happening In The Markets
US stock market indices made new all-time highs last night. S&P futures pushed higher and added a strong +1.16%. Similarly, NASDAQ futures closed +1.56% higher as well. This comes after last night's CPI data came out lower than expected, showing that prices are indeed falling, signalling that inflation is taming down as well. Markets took this ...

15th May 2024 (Wed) Daily Outlook
Summary - What Is Happening In The Markets
US equity markets marched higher last night. Despite U.S Fed chair Jerome Powell highlighting that the PPI data was "mixed rather than hot", at the same time still maintaining the view that the U.S Fed will require more time to monitor inflationary trends. Equity futures dipped slightly before letting the bullish sentiment take over, following the shift to 'meme'-stocks like...

5 Top Picks This Week
What Happened Last Week (6 - 10 May)
US Markets closed last week higher for the 3rd consecutive week thanks to the current relief rally. The S&P500 index is just shy of 1.5% away from the previous high set at the end of March 2024. While the NASDAQ index is about 2.5% away from all time highs. Last week was a pretty quiet week due to the lack of any key economic news or unexpected market events. US 10-year Note auction ...

When one mentions Thailand, the first thought that typically comes to mind is that of its delectable street food, amazing shopping experience or its beautiful pagodas.
Yet, Southeast Asia’s second-largest economy is more than just a tourism paradise. Its stock market too, offers opportunities for those looking to achieve returns on their investments.
Advanced Info Services, popularly known as AIS, is a name that’s probably familiar to ma...

8th May 2024 (Wed) Daily Market Outlook
Summary - What Is Happening In The Markets
US markets took a breather last night after a strong 3-consecutive days rally that started last Thursday. Price action was sluggish due to the lack of any significant news. S&P500 futures closed marginally higher by +0.13% while NASDAQ futures closed flat. Traders now turn their attention to the upcoming US 10-year Note auction that would...

The Federal Open Market Committee has decided to keep interest rates unchanged once again. This was very much in line with market expectations and comes at a time when US stock indices are seeing increasing weakness across most sectors and only saved by the mega-caps.
While Jerome Powell was seemingly baited with hawkish-questions a couple of times at the post-FOMC meeting press conference, the US Fed chair made it clear th...

Summary - What Is Happening In The Markets
US Stock indices extended its gains towards the end of last night's trading session. This is the best 3-day rally the market has seen since November as confidence about a US Fed rate cut this year grows. The S&P500 and NASDAQ Index futures both closed +0.85% and +0.89% respectively.
On the geopolitical front, Israel rejected any proposal of a ceasefire with Hamas, as Israeli tanks are reportedly en...

Summary - What Is Happening In The Markets
US S&P500 futures snapped its consecutive 3-week loss last week after a week of relief rally. S&P500 index futures added +0.99% last Friday after US Nonfarm Payroll data dropped more than expected. Normally, this would be a bad reading for the markets.
This time, however, traders took it positively as previously, US Fed chair Jerome Powell mentioned that it would require clearer evidence of a much weaker labour market in or...