The Week Ahead March 2022 - [STI, HSI, NASDAQ & S&P]

Fed will be meeting this week and we’re most likely going to see an increase in rates. What is more important is the fed’s posture, how many times they’re looking at for hike and how fast. An increase in march is more or less a given only by 0.25% or 0.5%. With inflation at sky high, fed is also under pressure to tame inflation.

With the war that is happening, this has really changed the game plan and even the outlook of the economy. With the ongoing sanctions, oil prices increasing this has increased the chances of a bear market. The increase in commodity prices will have ripple effects on the economy and markets could see a slow down for the time being. We wouldn’t want to use too much leverage in such times as the chances of a bear market has increased.

Key Events to Watch For

Development over in Ukraine is key as its hard to tell how this war will end and how long more will the fighting carry on. Markets continue to remain on edge as this war does look different from the others.

Eyes will be on the upcoming Fed Meeting from 15-16th March and decision on rate hike will be announced on Thursday morning 17th March singapore time. Near term volatility is expected.

Reduced leverage, stick to your trading plan with a tight stop loss. Now is not the time to be aggressive or a hero.

Market continues to be near the extreme fear region which investor might want to take advantage of.

Technical Levels to Watch For This Week

STI

Singapore market performing the best for us with most of our Singapore targets hitting their targets despite the negative market sentiments. We’re cautious this week as Fed is set to increase interest rates hence for trading position we wouldn’t be aggressive but would rather adopt a wait and see approach.

HSI

Norway sovereign fund's offloading Li Ning is triggering some worries in the HK markets, tech companies reporting lower results due to regulations, US delisting fears for dual listing China companies, Covid cases increasing both in mainland china and HK. Its a never ending list of fear and uncertainty for the HK market. It is possible for a test of around 20k for HK before some bargain hunting comes in. Indicators are currently oversold too. Trading has been tough in HK market and we haven’t been giving any alerts for the HK markets for while. Waiting for a more stability in HK first.

For more analysis on the US market and where it might head to, you can click HERE!

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

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