🐳 WhalePool Traders Journal
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#HKMarketUpdate
<H Shrs>HSI Closes Up 340 pts as MEITUAN-W Jumps Over 5%; HK Property Stocks Rise; MINIMAX-W Surges Over 13%

The three major US stock indices closed higher overnight (14th), driven by softer-than-expected US 
inflation data and a rebound in chip stocks. The HSI opened up 210 pts this morning (15th) before extending gains, once rising 434 pts to a peak of 24,774.
The index closed at 24,681, up 340 pts or 1.4%, with full-day market turnover reaching HKD304.297 billion.
The HSTECH closed at 4,740, up 61 pts or 1.3%, while the HSCEI closed at 8,184, up 81 pts or 1%.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533433/top-news/AAFN
#SgMarketUpdate
Singapore shares rise as STI hits record close above 5,500 - The Business Times

Singapore stocks rose on Wednesday (Jul 15) as the Straits Times Index (STI) closed above the 5,500-point mark for the first time.

The blue-chip barometer gained 1.2 per cent or 64.11 points to close at 5,559.72.

Hongkong Land : H78 +3.5% led the gainers on the STI, rising 3.5 per cent or US$0.25 to US$7.40.

The index’s biggest decliner was Singtel : Z74 -0.68%, which fell 0.7 per cent or S$0.03 to S$4.41.

The three local banks ended higher. DBS : D05 +1.32% gained 1.3 per cent or S$0.95 to S$72.98, OCBC : O39 +1.72% rose 1.7 per cent or S$0.48 to S$28.36, and UOB : U11 +1.28% was up 1.3 per cent or S$0.57 at S$44.95.

Across the broader market, gainers beat losers 396 to 193, after 1.2 billion securities worth S$2.1 billion changed hands.

Key regional indices were mostly positive.
Hong Kong’s Hang Seng Index gained 1.4 per cent, Japan’s Nikkei 225 rose 1.5 per cent and South Korea’s Kospi was up 6.2 per cent. Meanwhile, the FTSE Bursa Malaysia KLCI fell 0.4 per cent...

https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-sti-hits-record-close-above-5500
In this episode of My Trading Game Plan, market strategist Gareth Soloway provides a comprehensive technical analysis of current market conditions following the release of PPI inflation data. Here is a summary of the key highlights:

Macroeconomic Updates:
PPI Inflation Data: The latest PPI data came in better than expected, following yesterday's positive CPI report. While this triggered a modest rally in S&P 500 futures, Soloway notes that the market's reaction has been relatively muted (0:42-1:44).
Yields and Dollar: Despite favorable inflation news, the 10-year yield and the US dollar have seen only minimal pullbacks, suggesting the market remains skeptical that inflation will return to the 2% target quickly (10:38-12:18).

Market Analysis & Stocks:
IBM: Following a record 25% drop on earnings, Soloway identifies a potential "reflex bounce" opportunity for IBM based on technical support levels between 215 and 218 (2:05-3:36).
Chip/Memory Sector: SK Hynix saw a significant move, but peer stocks like Micron, SanDisk, and STX did not follow suit, which Soloway views as a potential warning sign of rotation or underlying issues (7:21-8:16).
Earnings Reports: ASML posted strong earnings but showed signs of profit-taking (12:20-13:08). BlackRock is trading higher with a bullish inverse head and shoulders pattern, while Morgan Stanley and Goldman Sachs are approaching major resistance levels (13:09-15:33).

Commodities and Crypto:
Oil: Continues to be monitored closely due to geopolitical tensions, with Soloway noting the accuracy of previous technical calls on the commodity (15:34-16:34).
Gold & Silver: Both remain cautious; Soloway highlights that gold is "limping" despite the good economic data (17:32-18:22).
Bitcoin: The cryptocurrency is showing bullish signs, currently confirming a breakout from an inverse head and shoulders formation (18:23-18:49).

https://www.youtube.com/live/U9nUAzWHwl0?is=mvbLOR92pd3rzZCF
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