Market observations and actions

I'm a native who has sacrificed years of his life in military conscription like every other local.
How about you? Ever been to this tiny city-state?

 

The last sentence is the most apt thing I've come across today
a different perspective of Cut your losses and let the winners run.

I believe it stands for "Buy The Fucking Dip"

 

That's what I thought. How can you tell if the dip is fucking?

 

If not share price at what point do you drop a stock from your portfolio?

With a multi decade horizon what would be your rebalancing process?

 

"................perhaps more based on dividends, total returns etc. rather than share price, let alone market index strength."

 

Even the index has a process for culling weak stocks. They use market cap.

 

In the 90s, I was hired as cheap American labor from NY. The Singapore per capita income surpassed the US for a time then. Our countries have probably been trading the lead.

Loved it. Gained 20 pounds in 2 months at Newton's Hawker Center. Got schooled in badminton which is played very competitively over there, apparently.

 

I guess you start seeing people crying outside the stock exchange

 

Good week but not good enough. Weekly market cap 9Oct2021

This past week has been a good week for market indices but it was not good enough to make the market safe to resume buying.

Let's look at S&P 500 daily chart.



The week started with a bad Monday but by the end of the week, the index closed on the high side of the week. Friday bar did not look good. The bar touched both 21-day and 50-day moving averages, then closed low. If the price declines from here next week, it is bearish as it implies that the bulls have been won over by the bears after meeting resistance at the 21-day and 50-day moving average. It may turn out to be a good place to initiate a short if the price starts to show weakness here.

I want to see the price move up convincingly overcoming the 21-day and 50-day moving averages resistance as a bullish sign.

Hang Seng index performed similarly as S&P500. The week started weak but finished strong by end of the week, although Friday's price action does not look good. The week was good but not good enough to give a clear signal for buying to resume.

Market action to take:
- Continue to stay on the sideline until a bullish sign has been confirmed.

 

The bullish "sign" has been confirmed. You must consider the seasonality. We are heading into Q4. Look at the quint bottom you have posted.

Forget the MAs. They are lagging indicators and mean NOTHING.