Two weeks ago, I mentioned that I have increased my stock holding from 36% to 80% by accumulating on one stock on weakness. I have since taken profit on this single largest stock holding and have pared my stake in another stock. Besides the stock sales, I have increased my stake in another stock on weakness. All in, my percentage invested was reduced from 80% to approximately 31%.
I am unlikely to exceed 50% invested in the next two weeks, unless I spot some extremely attractive opportunities as I remain cautious on the general market.
Read on to find out why.
S&P500 IndexJust to recap what I have mentioned on 27 May 2016 (see here), I wrote “Given the low ADX, it seems unlikely that S&P500 can make a sustained breach 2,104 – 2,115 in the near term.”
–> Between 6 – 10 Jun ...
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