No more fear of Recession?
STI struggling because of fear of China bad loans by our bankers! DBS has more loan exposure to China!
Uncle8888 only has DBS and OCBC.
DBS : Likely to maintain quarterly dividend at $0.36 to suck Panadols liao!
OCBC : Expecting/hope for $0.25. OK OK! Hope is not a strategy!
SCI : Expecting/hope for $0.03 or more.
Now; Uncle8888 can understand why some younger folks also like dividend income investing strategy. It is comfortable to count or estimate how much "passive" income to receive in the year! Shiok!
Uncle8888,
ReplyDeleteMy 15% signal for S&P which triggered in mid-June is still holding and getting stronger. Wished I had the guts to deploy 2X more of my warchest than what I did in the last 8 weeks lol.
The weekly advance-decline line for US market has corroborated the 15% signal by closing above 21-week exponential MA for first time since early-Jan. Will it remain above? Depends on inflation reports...
S&P has also closed above 100-day MA for first time since March. We all know what happened next. Lower low. Lol!
Will this time be different?
¯\_(ツ)_/¯
Next week likely profit taking by short termers.
Happy profit taking next week :-)
ReplyDeleteHaha, actually I'll still be nibbling in the weeks & months ahead.
DeleteBe taking bigger bites if (when?) the S&P drops to test or breaks the recent low. 🙏