Many of my friends loved to get into a Singapore UT right now. So after this 2 weeks should we be getting back now?
My opinion is that there might be some more downside to go. MACD is still high and oscillating lower rather than stay higher. We are still far from the 50 day MA. If you noticed the last May correction. MACD is closer to zero rather than at the pt we are right now.
For good stock pickers, now would be a good time to evaluate some companies that got beaten down for no particular reason other than being down due to the broad mkt fall.