Trading Central Webinar: Latest Macro Economic and Geopolitical Developments, and Their Impact to Markets

23 Sep 2021

Several major Macro-Economic and Geopolitical events, ranging from the U.S. Federal Reserve’s Jackson Hole symposium to US’ withdrawal from Afghanistan, have taken place since we last met. How could they impact markets?

Tune in to this webinar to hear from Ming Lam, Deputy Head of Research (Asia) of Trading Central, as he discusses how all these events will influence the markets. Additionally, by popular demand, he will also discuss some key U.S., Hong Kong and Singapore shares CFD that have promising Technical Setups.

Ming Lam – Trading Central Deputy Head of Research, Asia Ming graduated from the University of Hong Kong with a Bachelor’s degree in Engineering, and is currently a responsible officer registered with the Securities and Futures Commission of Hong Kong. He has been engaged in translation and research operations in the financial services industry for over 10 years. In Trading Central, Ming specialises in technical analysis of stocks, foreign exchange and commodity markets, with a goal of providing customers with independent and superior market insights.

Webinar Q&A

Q: Please do a TA for iFAST and Riverstone

A: (Ming Lam, Trading Central Deputy Head of Research)

On a daily chart, the stock continues to rebound from a recent low around S$8.10.
The short-term outlook is bullish. At current price (S$9.75), Key Support (Stop-loss) should be placed at S$8.95, while Upside Targets at S$10.20 and S$10.70. Note that momentum indicators (MACD and RSI) show the stock is a bit stretched.

Riverstone Holdings (RSTON.SP)
On a daily chart, the stock remains below the key mark of S$1.00 In fact, the recent downward acceleration followed a long-term downtrend that started at the record high marked in August 2020. No sign of a price recovery is in sight. Pick another horse

Q: Are thematic ETFs better than main index ETFs?

A: (Ming Lam, Trading Central Deputy Head of Research)

Thematic or Sector ETFs usually outperform Main Index ETFs — provided that the theme or sector you choose is on a bullish trend. Same logic, when a Thematic or Sector ETF reverses to the downside, it can generate bigger and quicker losses than a Main Index ETF does.

If you have time to study, monitor and shift between Thematic or Sector ETFs, it is good. If you are a bit lazy, Main Index ETFs are better for you.