China Everbright Water’s (“CEWL”) has tumbled after hitting an intraday high of $1.270 on 30 May 2014 to an intraday low of $0.410 on 21 Jan 2016 (all time low post share price consolidation since May 2014) before closing at $0.480 on 24 Mar 2016. This was despite the positives which we have seen in the water industry in China and CEWL. Is market overly pessimistic on CEWL, or is there something we do not know?   Background of CEWL CEWL share price has not performed well after touching an intraday high of $1.270 on 30 May 2014. At that […]

Dear readers, With reference to my write-up on 11 Mar 2016 (see here), S&P500 has been pretty stable lately without a swing of 1% for the past two weeks. Similarly, our Asian markets have been trading within tight ranges. What’s next for our markets? Read on to find out more.   S&P500 Index Just to recap what I have mentioned on 11 Mar 2016 (see here), I wrote “S&P500 is likely to take a breather and trade within the range of 1,950 – 2,044 in the next two weeks, after forming a bullish double bottom formation with an eventual measured technical […]

Dear readers, With reference to my write-up on 26 Feb 2016 (see here), S&P500 and STI completed their bullish double bottom formation by doing sustained breaks above 1,950 and 2,645 respectively. Over the course of the past two weeks, both S&P500 and STI leapt 3.8% and 6.8% respectively. Amid the recent rally, I have reduced my equity allocation from 54% on 26 Feb to 0% now. (I was 128% invested as of 12 Feb). Why am I in cash now? Read on to find out more about my technical outlooks and market overview.   S&P500 Index Just to recap what […]