Dear all,
S&P500, Nasdaq and Russell 2000 hit records last Friday with S&P500 closing at 2,875. However, our STI has dropped 11.8% after hitting a decade high of 3,642 on 2 May 2018. Hang Seng has also tumbled 17.4% after hitting a high of 33,484 on 29 Jan 2018.
Is this the time to switch out of the U.S. markets and plough it back to STI and Hang Seng? This seems to be the question on most investors’ minds as I am also posed this question during a live interview on Money FM89.3 on last Thursday.
Let’s take a closer look at the charts and my personal action plan.
S&P500 closes 2,875. Day range 2,862 – 2,876Based on Chart 1 below, All the exponential moving averages (“EMAs”) are moving higher with golden cross formations. ADX is still low around 10.0, amid positively placed ...
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