Remember that I post this (https://careyourpresent.com/2022/10/18/bull-is-back-buy-buy-buy-before-it-is-too-late/) few days ago when there was a big rally in US market? Did you buy, sell or wait?
If you observe the price action carefully for recent weeks (especially for those who like Reits), when US crashes at night, the next day SG market also move down, especially Reits. When US rally, SG market especially Reit moves up few bids then come down again. What does this tell you? There is no strength in Reits which are sensitive to interest rates.
If you look at the rate tonight. US 10Y is 4.11%, US2Y is 4.53%, US6M is 4.46. How can Reits go uptrend again?
Of course, it won’t go one straight line down or one straight line up so you will have the opportunity to trade if you are nimble enough. I did a recent quick trade – bought FCT at $2.04 on 17 Oct 2022, sold at $2.12 on 18 Oct 2022, and bought back at $2.04 on 19 Oct 2022....