Interesting Developments About the Stock Markets

I've been checking the charts of most of the major indices and stocks that I follow. It appears that many emerging market indices and stocks have the weekly charts turning positive in the MACD. However, the monthly charts are still negative. This means that there's a high probability that we will see a rally lasting one to three months, with upside of 5 to 15% before we see another leg down. Therefore this rebound, that started in January 2019, is likely to last till March.

The European index is not far away. It is at neutral in the mid term. We may also see a rally. The S&P500 has the most downside and we could see a similar rally before slamming down.

I believe we have seen the bottom of EM and Asia x Japan indices. There may be another leg down but it may not be a lower low! Huge revelations.

For Europe, we may see another leg down but we may break below the last low. For S&P500, it's the worst. It is likely to see a further 10 - 15% leg down.

The indices leading the recovery is likely to be Asia ex Japan and Emerging Markets this time due to valuations. It will be similar to 2011 - 12 recovery.

Incidentally, one of my apartments is going through en bloc and I believe the odds are very high. There are several developers chasing after my building for strategic reasons and it is not a case of getting 80% and going through an auction not knowing who will bid. This is a case of developers wanting my building and if we clear 80% we will definitely get sold.

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