Global Equity Markets : Reason to worry.
May 22, 2011 Leave a comment
Risk is increasing and in our view a major change in trend should occur over the next few weeks. The exact timing is anyone’s guess, but from the charts – be them US Indices or emerging markets, the readings are similar and a correction of quite some force will play out during late Q2 and in to Q3.
The Thai market will follow, but may be given an extra few weeks of respite due to the election.
This is not the time to buy for anything more than quick trading punts, and indeed those heavily long should consider taking profits and cutting back exposure.
The time to get on the short side is coming, and already there is some markets.
Check your TFEX account and make sure you’re ready for a multi-week short.