Weekly Review @ 30 Aug 2020

SP500 uptrend remains intact. Anticipates pullback to 3,400 before rising further.
USD remains bearish though some diverging signals start to appear in some technical indicators
Gold is consolidating and trading range bound. Some negative divergence seen in some technical indicators.
US yield appears bottoming and expects to increase further if breaches 90-100bps
VIX is on a gradual decline
Brent rising uptrend appears slowing
KLCI will drop further if it breaches key support 200D MA

Disclaimer: This post is not an endorsement or investment advice. Please refer to the general disclaimer of the blog.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s