Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
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The challenges of what was once Asia’s hottest listed trust lead today’s
roundup of real estate headlines, with Keppel DC REIT announcing a dip in
distri...
2021-12-23
Russell 2000 Index Comes Up on 1yr MA
If the Russell 2000 retakes the 1-year MA, the threat of an imminent correction has lifted. Since I am intermediate-term bearish, the bullish scenario for me was a sharp correction followed by a snap-back. Smething like 1998, 2011 and 2018 corrections. My attention is now turned to the bearish scenario where the Russell 2000 Index cannot escape its 1-year MA. If this line starts acting like a magnet or as resistance, then it will start looking like how the market behaved heading into the bear markets of 2000 and 2008. If that happens, the top is already in and the bear market has already begun. The bullish scenario is the Russell 2000 goes on to new highs and climbs far above its 1-year MA.
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