Dear readers, Two weeks ago, I mentioned that although I am cautious on the overall market in the next couple of months, I have spotted at least two companies which I may accumulate on weakness. I have since increased my percentage invested from around 36% to 80% by accumulating on one stock on weakness. About half of my portfolio (i.e. approximately 40%) is invested in one stock. Notwithstanding some specific stocks, I remain cautious on the general market. Read on to find out why. S&P500 Index Just to recap what I have mentioned on 13 May 2016 (see here), I wrote “S&P500 seems to be forming a potential bearish head and shoulder formation with the neckline around 2,040. This formation needs confirmation with a break below the neckline with volume expansion.” –> On 19 May 2016, S&P500 fell below 2,040 to touch an intraday low of ......