Market Sense

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CK Choy.

Market Sense 市场意识: Is the stock market rally over?
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Sunday 3 June 2012

Is the stock market rally over?


So, the indices of the world are now in negative territory, with many falling below their
200-Day MA. Technically, this should be the end of the bull market, and the start of a new bear market. But not yet, I think.

Reasons are:
  1. Sentiment indicators are very bearish (this is a bullish sign)
  2. Political stabilisation in Europe could occur soon
  3. Stocks tend to trend higher during a US Presidential election year
  4. Stocks are still cheap (low PE and PB), and Chinese stocks are probably past their lowest point in October 2011
At this juncture, I am fully participating in the GSS (Great Stock Sale).

My positions:

Noble
NOL
Semb Mar
Wilmar
Yanlord

Will be adding more in the next few weeks.
Posted by c0ntrarian at  
Posted by ckchoy77 at 10:25
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