As there was nothing of interest to me in January, looks like worldwide markets are sluggish to say the least. Retails investors as well as Big fund managers are too weary of the cutting down of stimulus by the FEDs. Leaving those of us with investments feeling like we are stuck at the moment, neither having the confidence to buy nor having the courage to sell.
What are we to do? Just hold on with our investments or run away? Looking at the chart below, it is safe to say STI is still int he short term bear market unless it break through the significant 3100 barrier.
However the crossing of this red line to the upside, will signal me to start looking for good selling prices on the counters i already hold. As i have said time and time again, towards the end of 2014 is not going to be good for holding stocks.
