Dear readers, Hope the recent market weakness did not catch you off guard. Personally, the recent market drop didn’t come as a surprise as I have been positioned rather nicely for this. I have taken the opportunity to increase my percentage invested from 15% on 22 Apr 2016 to approximately 50%. Read on to find out why. S&P500 Index Just to recap what I have mentioned on 22 Apr 2016 (see here), I wrote “Although S&P500 formed a new five-month high on 20 Apr 2016, indicators such as MACD and RSI have exhibited bearish divergences. In my opinion, although the medium term trend continues to be up, as evidenced by the rising exponential moving averages (“EMAs”), S&P500 may consolidate between 2,020 – 2,120. It is difficult to envisage S&P500 may breach the all-time high of 2,135 given the current chart outlook.” –> S&P500 slid 35 points, or ......