Market Review and Trends
Ernest’s market outlook 12 Feb 16
By Ernest Lim's investing blog  •  February 14, 2016
Dear readers, Happy Chinese New Year! Hope you have had a great and enjoyable CNY celebration! However, for our markets, it does not seem as joyous because Asian markets posted declines immediately after CNY. S&P500 plunged to touch a two-year low on 11 Feb 2016. Read on to find out more on their technical outlooks… S&P500 Index Just to recap what I have mentioned on 22 Jan 2016 (read here), I wrote “As the overall trend is bearish in the medium term, any rebound is likely to be short lived and arrested around the near term resistance region of around 1,940 – 1,946” –> My chart analysis was spot on! In the technical rebound from 22 Jan to 1 Feb 2016, S&P500 first closed at 1,940 (day high) on 29 Jan 2016. It subsequently touched an intraday high of 1,947 on 1 Feb 2016 before the decline resumes ......
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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.
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