I started taking profit in January 18. The indices were just too far above the 50 day exponential moving averages. They had to snap back. I was however too gentle in my sales. My portfolio fell by around 8% before rebounding. I sold off some emerging markets, tech funds. Some HK shares and the China fund that rose over 50%.
Within 2 weeks global stocks snapped below the 50 DEMA. There was support at the 150 day EMA. I started to buy back at around 8% cheaper. The bull trend appears in tact, at least until second half of 2018.
https://finance.yahoo.com/news/p-500-price-forecast-february-063741440.html
As I look at the fundamentals, fewer indices appear within the BUY zone of above 8% annual return, based on the CAPE ratio. Russia, Turkey, Spain, Malaysia, BRazil, Australia and Poland are still in the BUY Zone. But Italy, Emerging Markets, UK have fallen out. China is well below the pecking order.
US stocks are still in the SELL zone as always. But Global Developed and Global equities are in the edge at around 4.1 and 4.3% return respectively. I think a further 10 - 15% return will see Global equities enter the SELL zone and we will probably see the another BIG correction. Hang on tight.
Within 2 weeks global stocks snapped below the 50 DEMA. There was support at the 150 day EMA. I started to buy back at around 8% cheaper. The bull trend appears in tact, at least until second half of 2018.
https://finance.yahoo.com/news/p-500-price-forecast-february-063741440.html
As I look at the fundamentals, fewer indices appear within the BUY zone of above 8% annual return, based on the CAPE ratio. Russia, Turkey, Spain, Malaysia, BRazil, Australia and Poland are still in the BUY Zone. But Italy, Emerging Markets, UK have fallen out. China is well below the pecking order.
US stocks are still in the SELL zone as always. But Global Developed and Global equities are in the edge at around 4.1 and 4.3% return respectively. I think a further 10 - 15% return will see Global equities enter the SELL zone and we will probably see the another BIG correction. Hang on tight.
