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