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Done my weekly reading of The EDGE. Goola Warden, Darryl Guppy and Michael Kahn are people whose articles I enjoy reading. I have also learned a lot about TA from their writings. In this issue of The EDGE, all of them have gone decidedly bearish about the prospects of global stock markets. My own reading of the STI shows that the uptrend is still intact but the index is in a rather dicey situation should it not confirm the reversal signal seen in the last session. With the US market closing in the red in the last session, the STI has to look to the SSE and HSI for leadership and we might agree that it is not all that promising.
So, what are we to do? I have taken much of my profit off the table three weeks ago. I have been averaging back into the market as prices came down to supports. Looking ahead, I plan to continue accumulating high yielding counters at attractive valuations. This remains the core of my investment strategy as my long term aim is to acquire a reliable passive income stream from high yields. Read more...[caption id="attachment_2568" align="alignright" width="150" caption="Photo by John Althouse Cohen"][/caption]
Done my weekly reading of The EDGE. Goola Warden, Darryl Guppy and Michael Kahn are people whose articles I enjoy reading. I have also learned a lot about TA from their writings. In this issue of The EDGE, all of them have gone decidedly bearish about the prospects of global stock markets. My own reading of the STI shows that the uptrend is still intact but the index is in a rather dicey situation should it not confirm the reversal signal seen in the last session. With the US market closing in the red in the last session, the STI has to look to the SSE and HSI for leadership and we might agree that it is not all that promising.
So, what are we to do? I have taken much of my profit off the table three weeks ago. I have been averaging back into the market as prices came down to supports. Looking ahead, I plan to continue accumulating high yielding counters at attractive valuations. This remains the core of my investment strategy as my long term aim is to acquire a reliable passive income stream from high yields. Read more...
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Done my weekly reading of The EDGE. Goola Warden, Darryl Guppy and Michael Kahn are people whose articles I enjoy reading. I have also learned a lot about TA from their writings. In this issue of The EDGE, all of them have gone decidedly bearish about the prospects of global stock markets. My own reading of the STI shows that the uptrend is still intact but the index is in a rather dicey situation should it not confirm the reversal signal seen in the last session. With the US market closing in the red in the last session, the STI has to look to the SSE and HSI for leadership and we might agree that it is not all that promising.
So, what are we to do? I have taken much of my profit off the table three weeks ago. I have been averaging back into the market as prices came down to supports. Looking ahead, I plan to continue accumulating high yielding counters at attractive valuations. This remains the core of my investment strategy as my long term aim is to acquire a reliable passive income stream from high yields. Read more...
