Mar 2020 Singapore Portfolio Performance Report. Overall = +24.48%, YTD = -6.75%

How was Q1 2020 like for Singapore market?
In the beginning of 2020, the Singapore stock market was still in a euphoric mood. After the signing of the Phase 1 trade deal that signals the cooling off of the trade war (what was that? Have you all forgotten about the trade war?) between US and China, STI climbed steadily in a mini bull run that started in Oct 2019  Unfortunately, things don't always continue being nice and rosy. The COVID-19 outbreak took the world by surprise. No country was fully prepared. From late January onward, STI began its descend as the virus spread throughout the world, impacting businesses as countries one by one began to implement lockdowns and closing borders. The world economy came to a standstill. Things got ugly in late February when major stock market indexes experienced one of worse crash in history, many plummeting over 30% and enter into bear market. Governments of many countries including Singapore started to roll out hefty stimulus to support their weakening economy and save jobs. That gave the market a reason to cheer. Hence in late March, the indexes rebounded from their lows to end the quarter with some hope of a V-shaped recovery.


How was the portfolio performance in Q1?
For the month of March, my SG momentum portfolio fell 3.19% while STI fell a whopping 17.71%. For Q1, the portfolio return was -6.75% while STI plummeted 22.81%. The system has been overweight in cash since late January when the market started to decline as predicted by MATA. As it is a momentum based strategy, it will sell off many positions when the trend began to reverse. Hence, the profits were protected from the ensuing epic crash. Despite beating the market by such a huge margin, it does not feel great, given the dire situation we are in now. Currently both my SG and US portfolios are holding 100% cash. The system will wait for the reversal to be confirmed before loading up the portfolio again. Total return since inception now stood at +24.48%..

Join us in our quest for abnormal returns. Get started today >>

March return: -3.19% (vs ES3: -17.71%)
YTD return: -6.75% (vs ES3: -22.81%)
Total return since inception (since June 2016): +24.48% (vs ES3: +0.00%) 

What's DIYQuant's plan for Q2?
My next move will be to wait for reversal to confirm before jumping into the market. This is to prevent being caught in a fake bull run (aka bull trap or dead cat bounce). Market volatility is high hence huge price swing is expected. To know first hand where the market is heading every week, subscribe to our premium subscription package. Visit our main page to find out more.

Get Full Access and follow our system's quest for ABNORMAL returns
Performance Join as Member

 Follow our blog on Facebook!

Follow our blog by Email!