Tuesday, November 13, 2018
Wednesday, November 7, 2018
Wednesday, October 24, 2018
US and global equities selloff, what happened? 10-11-2018
What caused US to selloff?
There's a lot of reasons:
1. US 10year yield reached multi year highs near 3.20%
2. SPX and DJI both 24X P/E ratio, near the highs of 26-30x where typical bull market ends
3. SPX and DJI broke below short term uptrend, but Medium term uptrend still intact
4. We are in the key area where 10YR bond - 2YR bond = near 0 or negative levels (usually near 0 or negative cause panic in Equity and shift into save haven or bonds)
SPX uptrend short/medium term still intact. Meaning most people still invest in US since rate is high, but question is until what rate would make US investors shift from Equities to Bonds/Gold.
My guess is when US int rate peaked at Q2 2019. US Equities may end there as well.
Friday, September 21, 2018
PSEi's possible false breakdown, or just maybe rally from the support 9-2-2018
PSEi almost reached 6950 to 7000 bottom support, then bounced back high!
What are the foreigners thinking? Is it bluff/false breakdown or they just bought back what they sold? let me cut them by showing some Top 30 stocks
Some below did a CLEAR breakdown (break below support levels), and some within the day rallied above the level the support they broke, which what we call FALSE breakdown.
Some stocks below did not make it, some made the FALSE breakdown.
Which to follow? Let us see in the days to come, one thing is for sure, we may revisit 7500-7550 resistance level soon.
What are the foreigners thinking? Is it bluff/false breakdown or they just bought back what they sold? let me cut them by showing some Top 30 stocks
Some below did a CLEAR breakdown (break below support levels), and some within the day rallied above the level the support they broke, which what we call FALSE breakdown.
Some stocks below did not make it, some made the FALSE breakdown.
Which to follow? Let us see in the days to come, one thing is for sure, we may revisit 7500-7550 resistance level soon.
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