Photo by Kyknoord

Photo by Kyknoord

Just got back from a short break with the family – missed the flood on Orchard Road but did see some pictures of it.   Not enjoying the World Cup – problems with the Germany, French, Italian and UK teams seems to be caused by the Euro crisis now filtering into the soccer areana too.

Back to the stock markets.  Trading volumes remain low which is seasonal and also probably affected by the World Cup.  Bearing that in mind, certain technical indicators which I follow are giving bullish or positive signals:

a) VIX index continues to fall and is now at the 23-24 level – this is a very positive sign for stocks – and was one of the key indicators I mentioned in my recent presentation at the AICE seminar. Read more…