Haven’t posted in a while. I have some info i would like to share for REIT lovers out there. It might be useful it might not be. So selectively tune in.
We know the China Market ain’t cheap. We know we don’t like the trajectory. BUT that doesn’t mean it cannot go higher!
Here we see a broadening top formation. Downside risk is higher than up side. And in my opinion, downside risk of a greater than 50% fall is higher than the potential gain you see here.
All technical indicators are also turning down. Depending on the size of the correction, the magnitude could be big and small. An important support to note is around 1480 – 1495 lvl. if it doesnt hold, we may be looking at 1380 – 1400.
Please be safe if you are over allocated in global equities. For those whose portfolio has grown you might want to take this opportunity to start rebalancing.
I will be posting more on other markets.
Today marks the expiry of the June IC. Details
Options Chain 900 – 890 – 750 – 740 for a credit of $1.00
Profit of 9.4% in 44 days.
I’m starting to feel that i am letting my guard down. That is why i’m very cautious about the July IC just so that i do not get over confident. Will keep everyone posted.