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Preview of the week starting 01 Jan 2024 - can Walgreen continue its rally?

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Public Holidays However, New Year’s Day (1 Jan 2024) will be a public holiday for Singapore, Hong Kong, China and the USA. Economic Calendar (01 Jan 2024) Notable Highlights FOMC Meeting Minutes  should be closely watched as this will shed some light on the pending Fed Pivot. Manufacturing PMI  will be released in the coming week. These will capture the performance of  the manufacturing sector  from Purchasing Manager Index (PMI). Typically, a figure above 50 indicates growth and a figure under 50 shows decline or contraction. The data to watch include  S&P Global US Manufacturing PMI (Dec), ISM Manufacturing PMI (Dec)  and  ISM Manufacturing Prices (Dec) . Non-manufacturing (services) PMI  will also be released in the coming week that reflects the growth or contraction to the non-manufacturing / Services sector. Let us monitor the following data that include  S&P Global Services PMI (Dec),S&P Global Services PMI (Dec)  and  ISM Non-Manufacturing PMI (Dec) . ISM Non-Manufac

Weekly preview of the week (25 Dec 2023) - FOMO over Christmas?

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Public Holidays Here is wishing all a blessed Christmas. Let us end our year strong and may we have an awesome 2024. Christmas holiday (25 Dec 2023) for Hong Kong, Singapore and the USA. Boxing Day (26 Dec 2023) for Hong Kong. No public holiday for China in the coming week. Economic Calendar (25 Dec 2023) Notable Highlights Initial Jobless Claims  - This is a reflection on the impact of unemployment, a data point for the Fed’s interest rate decision. Pending Home Sales.  This will bring more insights into the “heating-up” home sales. Earnings Calendar (25 Dec 2023) In the coming week, there do not seem to be any notable earnings. Market Outlook - 25 Dec 2023 Technical observations of the S&P500 1D chart: S&P500 has grown 23.66% from 1 year ago. The Stochastic indicator has completed a top crossover and should be on a downtrend. The MACD indicator is about to complete a top crossover completed. We should expect a downtrend soon. Moving Averages (MA). Both the MA50 line and the M