Thursday, 12 April 2012

Wallstreet recovers with Dow Jones up 116 points, But I am not that convinced

Dear Friends,

I am tilting towards being more bearish than bullish now. Especially since our NYSE market sentiment indicator tells me that. As we have mentioned, we are looking for the Bearish signal confirmation ever since February. The risk has been high in this overbought situation.

Look at the economical calendar for the first week.
So many reports less than expectations.... See the Red colour figures?

The tide may have changed for the broad market. In fact I would love it if this drop persists. If not, we got no chance to enter, right? I am sure in the last rally, there are still many investors waiting in the sidelines but haven't entered.

If you want to enter a bullish position, my advice is to do a hedging by entering another bearish position. For me, I would still long some Good Stocks that are fundamentally strong. But I would hedge it with a Bearish Position on another weak counter too!

As I have also mentioned, April is earnings season month. Some of our focus will shift to how the companies are doing. At least the market may not drop that bad, if earnings of some major companies this season is good.

However my ADVICE is BE Careful when entering LONG position this month! Lower your position amount. It will not be as good a month to trade compared to Jan and Feb. 

Like what Mr Hu Li Yang mentions, we have 5-7 chances to make $ throughout the year. But I don't think April is not one of the months that can make you Big $!

Being Patient and Prudent is the Key Now!


Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...