Analysts are saying second half will be better, Fengshui index says second half will pick up. But it is not difficult to see that many shares in Singapore have long broken below their 200-day MA, thus entering a bear phase. July will not be the month that shares pick up.
Shares now on bear phase: Capitaland, CaptaMall Asia, Cosco, Ezra, F&N, Genting, Noble, NOL, Olam, SGX, Yanlord, Yangzijiang.
Moral of the story: Sell the shares. Wait for QE3.
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