Drizzt: long term market analysis is a series once or twice a month where we take a look at longer term trends in the market to get our bearings right on the general direction of where market prices is going.

Remember my last analysis that says in the past 20 years we have not seen a point where the PMO cuts the 10 month EMA and then got slingshot upwards? Well we have a massive massive week / month where the market had the biggest monthly run up since 1974.

So where do we go from here?

Monthly S&P500, Hang Seng and STI

At Investment Moats, one of the bull and bear indicators that we use to help us determine a longer term trend is the 10 Month EMA. A cross below the 10 month EMA signifies an overweight position in equities and a cross below signifies an underweight ...