Market Review and Trends
Ernest’s market outlook (13 May 16)
By Ernest Lim's investing blog  •  May 15, 2016
Dear readers, I have taken profit on some stocks and reduced my percentage invested from 50% on 6 May 2016 to approximately 36% on 13 May. Notwithstanding some potential small technical rebound in some markets, I remain cautious. Although I usually do my market updates every fortnight, I deliberately did one this weekend after my write-up on 6 May. Read on to find out why, and how I intend to take advantage on this development. S&P500 Index Just to recap what I have mentioned on 6 May 2016 (see here), I wrote “although market sentiment seems to have taken a turn for the worse, it is likely that there may be a small technical rebound in the near term. In addition, it is unlikely that S&P500 may break the strong support 2,018 – 2,025 in the next one week. However, S&P500 is unlikely to breach the strong resistance ......
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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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