Summary
Continue stay cautious on US market as it runs up too high.
Question on whether bear market will happen this year? His reply:
No bear market this year as so far there is no such symptom
Bear market phases:
1st phase - sliding down quietly ( usually unnoticeable )
2nd phase - panic selling ( prices move down sharp and furious )
3rd phase - capitulation ( investors become hopeless and sell everything )
Oil - short term is reaching resistance. It may pull back to $44 region in short term. Stay cautious with oil related counters.
Expect STI to trade within this range 3280 - 3400 till year end.
Source : Radio Capital 95.8 FM
Continue stay cautious on US market as it runs up too high.
Question on whether bear market will happen this year? His reply:
No bear market this year as so far there is no such symptom
Bear market phases:
1st phase - sliding down quietly ( usually unnoticeable )
2nd phase - panic selling ( prices move down sharp and furious )
3rd phase - capitulation ( investors become hopeless and sell everything )
Oil - short term is reaching resistance. It may pull back to $44 region in short term. Stay cautious with oil related counters.
Expect STI to trade within this range 3280 - 3400 till year end.
Source : Radio Capital 95.8 FM
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