Sunday, January 24, 2021

S&P 500 is overbought

and I am expecting pullback in coming weeks or months; about 5-15% correction. With this in mind, I am going to slow down investment for my local portfolio, and may do some rebalancing to my portfolio. I would also use this period to strengthen my war chest.

For my oversea portfolio, I would continue with the DCA strategy but at a reduced amount for ASHR and KWEB since both also seem quite overbought recently. My plan for Alibaba is already mentioned in https://ainvestor.blogspot.com/2021/01/jack-ma-1st-public-appearance.html.

One more trading week to end January 2021. Another 11 months for me to achieve my plan mentioned in https://ainvestor.blogspot.com/2020/12/summary-for-2020.html.

Always follow a plan in investing. Cheers!

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