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Longest Bull Run in the US Stock Market – Good Idea to Buy Now?

 

If you’ve been reading the news, you will know the US stock market is at an all-time high, and quite possibly one of the longest bull runs in history. According to Zerohedge, this is the longest bull run since the great pyramid boom of 2580 B.C.

Article: https://www.zerohedge.com/news/2018-08-22/longest-bull-market-great-pyramid-boom-2580-bc

Also, the US economy seems to be doing pretty well, especially with the booming tech sector, and even the banks are hitting record profits.

Article: https://www.zerohedge.com/news/2018-08-23/us-bank-profits-hit-record-60-billion-q2

But I think the big question on everyone’s mind is this:

 

Is this a Good Time to buy Now?

If you believe that markets follow the boom and bust cycle, such as the 10-year cycle, you will know that we are “overdue” for a big correction. Logic dictates that we aim to buy after a big crash to get the best value (and most potential upside), hence buying at the all-time highs might not seem like a good idea to many people.

 

If you look at the current chart of the S&P 500, you will see that the price is just testing the prior highs, which means that it is at a very critical point.

If prices get rejected at this level, it could end up forming a double top reversal pattern, which is very bearish and could see a decline to the 2280 levels.

For the strong uptrend to continue, prices need to confidently break above the prior highs and stay above that level.

 

What Could Go Wrong?

With escalating political tensions with many countries, and the trade war with China, a confluence of negative factors could adversely affect the fundamentals of the US economy.

Article: https://www.zerohedge.com/news/2018-08-23/trade-war-escalates-us-china-slap-each-other-fresh-16-bn-tariffs

With the risks in mind, I will not be aggressively accumulating positions at this time, and will have to focus more selectively on key sectors.

 

LIVE! Market Outlook Sharing: Global Markets Overview

Later this evening, I will be sharing about the market outlook for indices, stocks, forex and Gold, and I will be explaining these charts in greater detail. See you there!
https://www.eventbrite.sg/e/the-7-best-kept-secrets-of-professional-traders-tickets-11390785145?ref=ecal

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Free Seminar at Maybank Kim Eng Securities – All are Invited for this Special Event!

Next week, I will be giving a free seminar at Kim Eng Securities, and I will be sharing more about my unique method of behavioral analysis to time the markets. The title of the talk is “Behavioral Analysis: Reading the Mind of the Market”. I will share how anyone can time any market simply by reading human behavior.

After having given numerous talks and having been interviewed by various media such as SGX and the Business Times, I am glad and grateful for the opportunities to share this new revolutionary methodology which I hope will change the way people view the markets.

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Business Times Interview

SGX Exclusive Interview

For all those new traders out there, this is a great opportunity to pick up some new skills for trading and investing. Since this is our first time working with Kim Eng, I will be trying something new and exciting, so this is definitely not to be missed!

This will be my last event before the Chinese New Year, and I will flying off to Cambodia for a couple of days immediately after this event, so the market outlook segment will be crucial for the upcoming days.

This event will be exclusively for selected Kim Eng clients and readers of my blog, but seats are very limited, so sign up early to avoid disappointment. (Our previous event sold within 2 days.) https://www.eventbrite.sg/e/behavioral-analysis-reading-the-mind-of-the-market-tickets-9987493863?ref=ecal

LIVE! Market Outlook 2014 | Free Trading Workshops

Yesterday, on Thursday, we had our first grand event for 2014, a LIVE! Market Outlook for all the movers and shakers. After sharing briefly about my journey from a blogger to a professional trader to a mentor, I went on to share some powerful tools of behavioral analysis, and ended the session with a comprehensive coverage of the various markets.

This included stocks, bonds, ETFs, Gold, Commodities, REITs, Penny Stocks, SGX Stocks, HK Stocks, forex, etc. Those who came for the session all went away with many trades idea for the week ahead.

To those who did not manage to make it for this event (sorry but it was fully sold out 2 days after I opened registration), I will be holding another session on the 22 Jan, so this time do register early if you don’t want to miss the chance again.  https://www.eventbrite.sg/e/behavioral-analysis-reading-the-mind-of-the-market-tickets-9987493863?ref=ecal

For the whole group which signed up for the Synapse Program on the spot, I have already added you all into the Synapse Network forum, and don’t forget to start your training this coming Monday! http://synapsetrading.com/training/live-market-workshops/ 

There are still a few slots for this, so those who are eager to start, just register online and drop me an email at info@synapsetrading.com, and I will add you in immediately.

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