Market Update 10th July: Investor Complacency In The Spotlight

 

GIC released a statement together with its performance for last year in terms of a 20 year annualized return.

It highlighted that there is a high level of uncertainty in the markets because “valuations are stretched, policy uncertainty is high and there are still unresolved economic imbalances”

Yet the low volatility of the market is not reflecting this uncertainty.

Therefore, the conclusion which they came to was investor complacency, hence their cautious investment stance.

Historically, such low volatility periods could be a precursor to extreme movements in the market.

You can check out the GIC’s investment report here

For the TradersGPS, this might mean market opportunity, so keep your eyes peeled and set your orders accordingly.
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Today a very nice setup triggered, but I will leave that one to the graduates for now.

 

STI

Still stuck in this range, no catalysts over the weekend to inject some life into our markets.

 

OCBC

Not a lot going on as well.

Be patient and follow system.

 

Wing Tai

Not so nice that it has retraced back here, and there wasn’t more follow through.

Watch the test of that 1.95 level, we want that to hold.

Be patient and follow system.

 

ComfortDelGro

Following system, we would be fully loaded on this one on the 3 entries.

But take note that 2.23 was listed as one of the potential support levels before the major $2.00 level.

So that 3rd signal is right into support, a little parabolic with some climatic volume.

For now we should see a retracement back up.

Be patient and follow system

 

Capitaland

This most recent arrow is not a signal.

Be patient and follow system.

 

Wilmar

Retracement now as expected.

We might find some buyers around $3.20 and $3.00

Be patient and follow system.

 

If you would like to learn more about how to position yourself in the markets,

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Good trading folks!