Ernest Lim's investing blog

Unique insights into SGX small caps

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Ernest’s market outlook (24 Jun 16)

el15

Dear readers, Are you burnt in the aftermath of THE BREXIT? What should you do now? To cut loss, hold or buy more? Before you make the decision, it is good to consider the various markets and how they are likely to fare in the next two weeks.   S&P500 Index Just to recap what I have mentioned on 10 Jun 2016 (see HERE), I wrote “Given the low ADX, S&P500 may trade between 2,034 – 2,106 (barring Brexit on 23 Jun 2016).” –> Although Brexit happens, S&P500 reached an intraday low of 2,033 on last Fri, just 1 point […]

STI dives 130 pts in 1 week! Time to buy in? (16 Jun 16)

el15

STI has tumbled 130 points, or 4.5% from an intraday high of 2,882 on 9 Jun 2016 to close 2,752 on 16 Jun 2016. The recent rapid sell off seems to reveal some interesting opportunities especially for those readers who have taken profit and moved to mostly cash (similar to me) since last week. Like most people, I am not clairvoyant and am not always able to catch the lowest level to buy into stocks.   Also, I will not know for sure whether: 1. Brexit will occur; 2. What is the exact impact (short term, medium term, long term […]