Dear readers,
As I correctly pointed out on 21 Mar, Mon 907am to my clients via email to alert them to consider taking profit on our local banks, the three local banks have fallen -3.9% – 6.4%, vis-à-vis a 3.4% drop in the STI. It is noteworthy that 18 Mar close was coincidentally a recent high for STI.
For the past two weeks despite the lackluster market, it has been an exciting and profitable fortnight for me as I have increased from 0% invested on 24 Mar 2016 to 90+% invested and back to 0% invested as of 8 Apr.
What’s next for our markets?
Read on to find out more.
S&P500 Index
Just to recap what I have mentioned on 24 Mar 2016 (see here), I wrote “S&P500 recent rally was accompanied with weaker than average volume. The eventual measured technical target of around ......