16 August 2013
Stock Market has been under pressure due to bad news in recent days such as impending tapering of US FED's quantitative easing (QE) measures expected to start in Sep 2013, Cisco's bleak outlook (reason for retrenching 4000 workers), economic bellwether WalMart sales decreasing and so on.
Market may be in the process of correction which will be likely to give me another chance to buy stock index ETF's in due course (RSI 14 drops to 20 or below, price drops to SMA50 or 100 or 200 or below).
Buy on fear and be prepared to keep for long term investment, sell on danger signal(s)- this applies to well diversified stock index ETF only.
EGPT
EGPT seems interesting for me. It is the only Egypt stock index fund traded in the US stock market currently, its PE is at around 7, PB at 0.8 at this moment. It seems that top 10 components of this fund will not be affected too much by the current political crisis which is similar to the Jun 4th Tiananmen Square democratic movement in China in 1989.
Await patiently. Patience is one of the keys to success.
Market may be in the process of correction which will be likely to give me another chance to buy stock index ETF's in due course (RSI 14 drops to 20 or below, price drops to SMA50 or 100 or 200 or below).
Buy on fear and be prepared to keep for long term investment, sell on danger signal(s)- this applies to well diversified stock index ETF only.
EGPT
EGPT seems interesting for me. It is the only Egypt stock index fund traded in the US stock market currently, its PE is at around 7, PB at 0.8 at this moment. It seems that top 10 components of this fund will not be affected too much by the current political crisis which is similar to the Jun 4th Tiananmen Square democratic movement in China in 1989.
Await patiently. Patience is one of the keys to success.
Labels: ETF, plan, Risk Management, Stock Trading System, Thoughts
