Market Review and Trends
Ernest’s market outlook (8 Apr 16)
By Ernest Lim's investing blog  •  April 9, 2016
Dear readers, As I correctly pointed out on 21 Mar, Mon 907am to my clients via email to alert them to consider taking profit on our local banks, the three local banks have fallen -3.9% – 6.4%, vis-à-vis a 3.4% drop in the STI. It is noteworthy that 18 Mar close was coincidentally a recent high for STI. For the past two weeks despite the lackluster market, it has been an exciting and profitable fortnight for me as I have increased from 0% invested on 24 Mar 2016 to 90+% invested and back to 0% invested as of 8 Apr. What’s next for our markets? Read on to find out more. S&P500 Index Just to recap what I have mentioned on 24 Mar 2016 (see here), I wrote “S&P500 recent rally was accompanied with weaker than average volume. The eventual measured technical target of around ......
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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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