Market Review and Trends
Markets – possible technical rebound in the near term but likely short lived (26 May 2022)
By Ernest Lim's investing blog  •  May 26, 2022
Dear all I have been extremely busy with work, hence the dearth of articles on my blog. Dow has closed lower for the eighth consecutive week. This marks the longest period of consecutive weekly losses since 1923! S&P500 has registered a seventh week of losses, its longest weekly losing streak since March 2001. Are the markets going to drop into an abyss? Or has the bottom been reached? Before we delve into this, let’s recap on my earlier market outlook article dated 4 Apr 22 (click HERE). Previously, I wrote that I am more inclined towards the bearish / prudent camp. It is likely (or at least I hope) that markets may trade sideways with a downward basis. I am looking forward to accumulate on weakness and less incline to chase stocks. Post my writeup published on 4 Apr 22, coincidentally,
  1. a) S&P500, Nasdaq and Hang Seng index posted
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.

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