Posts

Long-term Direction for STI and S&P500 + Crucial Dates to Look Out for!

s&p 500 161015

This is the weekly chart of the S&P 500, which has managed to break a bullish trendline a few weeks ago. It is now heading up again to test its previous high, so it is likely prices will continue upwards till it hits the previous high, but whether prices managed to break a new high and continue after that will depend on further news of the inrerest rate hike. Should prices start heading down, the next support is at the lower bullish trendline. Overall, the bull trend still looks pretty strong.

 

straits times index 161015

This is the weekly chart of the Straits Times index, and although it is not obvious at first glance, the prices are actually trading very nicely within a large channel that is sloping gently upwards. Prices have recently bounced off the lower channel line, and are starting to edge up. Initially, I considered the possibility that prices will get stalled at the 3,000 level, but if prices successful clear that level, then there is a possibility that prices will try to test the 3,550 region again, barring any unexpected news.

 

2015-10-12 21.29.46

During my last sharing at the Synapse Network Monthly Workshops, I wrote down these key dates to look out for.

29 October and 17 December are the next 2 FOMC meetings, where they will decide whether or not to hike the interest rates. Given the poor jobs data in the last NFP announcement on 2 October, and no strong signs of improvement from China, there is a very low chance of a hike on 29 October.

The next 2 NFP announcements are on 6 November and 4 December, and if the jobs data is strongly positive, then the chances for a rate hike on 17 December will be higher. Hence, we will need to keep an eye out for these figures, as they will have a significant impact on the stocks and forex market.

Best of luck in your trading! 😀

Monthly LIVE! Market Analysis Workshop for Synapse Program Graduates (Jun 2015)

The Synapse Network - Making New Friends & Profits Together! :)

The Synapse Network – Making New Friends & Profits Together! 🙂

This is a reminder to all Synapse Program Graduates that the next LIVE! Market Workshop is on 8 June 2015.
Register here: https://www.facebook.com/events/818299884857528/

We will be practising on charts of stocks and forex, so please bring along your laptops. This is also your chance to ask any questions about the courses methods and strategies.

For those who are keen to join, you can register for the Synapse HFT Program and join us immediately to start making real profits from the markets! 😀
http://synapsetrading.com/the-synapse-program/

Monthly LIVE! Market Analysis Workshop for Synapse Program Graduates (May 2015)

The Synapse Network - Making New Friends & Profits Together! :)

The Synapse Network – Making New Friends & Profits Together! 🙂

This is a reminder to all Synapse Program Graduates that the next LIVE! Market Workshop is on 11 May 2015.
Register here: https://www.facebook.com/events/764336696970051/

We will be practising on charts of stocks and forex, so please bring along your laptops. This is also your chance to ask any questions about the courses methods and strategies.

For those who are keen to join, you can register for the Synapse Program and join us immediately to start making real profits from the markets! 😀
http://synapsetrading.com/the-synapse-program/

Monthly LIVE! Market Analysis Workshop for Synapse Program Graduates (Apr 2015)

The Synapse Network - Making New Friends & Profits Together! :)

The Synapse Network – Making New Friends & Profits Together! 🙂

This is a reminder to all Synapse Program Graduates that the next LIVE! Market Workshop is on 13 April 2015.
Register here: https://www.facebook.com/events/368730103285643/

We will be practising on charts of stocks and forex, so please bring along your laptops. This is also your chance to ask any questions about the courses methods and strategies.

For those who are keen to join, you can register for the Synapse Program and join us immediately to start making real profits from the markets! 😀
http://synapsetrading.com/the-synapse-program/

Monthly LIVE! Market Analysis Workshop for Synapse Program Graduates (Mar 2015)

The Synapse Network - Making New Friends & Profits Together! :)

The Synapse Network – Making New Friends & Profits Together! 🙂

This is a reminder to all Synapse Program Graduates that the next LIVE! Market Workshop is on 9 March 2015.
Register here: https://www.facebook.com/events/283190111890732/

We will be practising on charts of stocks and forex, so please bring along your laptops. This is also your chance to ask any questions about the courses methods and strategies.

For those who are keen to join, you can register for the Synapse Program and join us immediately to start making real profits from the markets! 😀
http://synapsetrading.com/the-synapse-program/