Market Review and Trends
Ernest’s market outlook 26 Oct 15
By Ernest Lim's investing blog  •  October 25, 2015
Dear readers, The past two weeks have been extremely hectic where I have raised my equity allocation from around 65% to 150%. What has caused me to raise my equity allocation? Read on to find out more. S&P500 Index Two weeks ago, with reference to Chart 1 below, I mentioned the following on the S&P500:
  1. a) I prefer the S&P500 to wait and observe whether S&P500 retreat and test the resistance turned support region 1,990 – 2,000 before moving higher;
–> S&P500 first hit around 2,021 on 12 & 13 Oct before it weakened to touch an intraday low of 1,991 on 14 Oct. This is in line with my preference. It subsequently moved higher (see point b below).
  1. b) A possible double bottom formation may be in the making with the neckline at 2,021 but needs to observe whether there is a sustained break.
–> S&P500 broke the neckline ......
Read the full article
By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance