Table 1_Top ten stocks sorted by total potential return 30 Jul 21

S&P500 closed at record high! What should we do? Buy or sell? (9 Aug 2021)

Dear all S&P500 has clocked its sixth consecutive month of gains in July 2021. This is the longest stretch since 2018. Furthermore, S&P500 has touched a record high to close at 4,437 on 6 Aug 2021. In the next 3 months, are markets poised for higher highs? Or should we be prudent and take some profit off the table first? Let’s take a look.   Ernest’s personal market observations a) Lack of catalysts to push the market higher Since Covid last year, markets, especially U.S. markets, have been able to push higher due partly to the combination of ultra-easy monetary policies; […]

sti-chart-as-of-28-oct-16

Ernest’s market outlook (28 Oct 16)

Dear readers, Notwithstanding my cautious stance in the general market, I have raised my allocation from 35% on 14 Oct 2016 to around 89% on 28 Oct 16 on stocks with potential near term catalysts. Read on my technical outlook on the markets.   S&P500 Index Just to recap what I have mentioned on 14 Oct 2016 (see HERE), I wrote “it is alarming to see that 21D and 50D exponential moving averages (“EMAs) are trending lower with 21D EMA forming a death cross with 50D EMA. 100D EMA started to turn flat and S&P500 closed below 100D EMA yesterday. […]