Dear readers,
The recent selective small cap rally seems to be as hot as the China property market! For those who have not benefitted in the recent selective market rally, is it too late to jump on the bandwagon now?
Let us take a look at the various broad market indices first.
S&P500 IndexJust to recap what I have mentioned on 23 Sep 2016 (see HERE), I wrote “S&P500’s volatility has increased since 9 Sep 2016. RSI has increased around 32 on 9 Sep 2016 to 52 (a neutral level) on 23 Sep 2016. All the exponential moving averages (“EMAs) are still trending higher. Although the trend continues to be an uptrend, my personal view is that S&P500 is likely to trade 2,093 – 2,194 in the next two to four weeks with increasingly volatility.”
–> Since 23 Sep 2016, S&P500 traded between 2,142 – 2,175 ...
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