It has been quite sometimes since my last update of the “Regression Chart “ for STI and world major indexes.
After seeing the chart with latest data , I realized that no wonder everyone seems happy on the ROI of their portfolio and bullish about the market recently as STI hit above 3200 level.
Here you go….
** For the first time since Oct 2015 , STI is moving above long term “regression mean “ of approx. 3220.
STI still far from +1 SD as compared to other world major indexes like DJ or Nasdaq and for sure , nobody know where the market will be heading , it may continue to trend upwards if sentiments continue to be good and there is no abrupt correction on world major markets.
Although STI is far from “Bubble “ level of valuation , but always remember that “ When US sneezes , the world catches a cold “…