Friday, May 13, 2016

Shaky moment


Hey Folk


The market now is like what we have in December last year. Shaky again.

Overall we are still in a low interest rate environment and the Advance/Decline also show that is moving up. Bond price is still in the up move and no big divergent against the stock market.

The big picture is still up, but in the near term the market maybe coming off.

Stock market top is much easier to spot than stock market bottom. There is no sign that the market is toppish for now. I wish to point out something, stock market are usually upward bias. To beat the market, we can just maintain a long term buy position and spot the toppish picture and short the market. In this case, one will beat the market.

Take note some swiss based bank in Singapore are going to charge u interest for depositing Euro or Swiss franc. So instead of getting interest you are paying interest. This is the negative interest rate environment.

Cheer