This is continuation on my personal portfolio tracking against STI Index Part 3 (P3). It has becomes a study of how market dynamic changes STI and me. Since I last blogged few weeks on this subject, the broad market has turned for the worst. I was hoping for market rebound and hope to be able to align to the recovery with STI if not better.It appears Singapore economy are more tied to China to Shanghai index with the trade war. On such days, US market can go opposite or has relatively minor retraction whereas Shanghai index could fall like "waterfalls" and this means bad news for STI Index.
Looking at chart (Left), this how the tracker goes so far till yesterday. Yes ! Is a cross but a death cross. I have finally beat STI by 1.2 percent point. Well, not exactly. Technically speaking since both lines are pointing ...
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