What does it mean for our Investments?
- Mutual Funds - If you are still invested in equity markets then next few weeks are crucial, be ready to exit your positions if market is unable to hold near current levels and falls below MA(100). If you are in debt/bond funds then keep an eye on them especially in current volatile environment. If in liquid funds or cash then stay put and wait for clear direction.
- Stocks - ONLY invest in convincing patterns and DO NOT forget to have STOP LIMIT in place.
Market is still trying to establish clear direction, hence be cautious...