System's Market-Wide Trend Analysis (MATA) has turned Bullish

The system MATA module that tracks the proportion of uptrend stocks in the overall market for both Singapore and US has turned bullish a few weeks back after many governments started to introduce lofty stimulus to support their countries' economy and combat the ongoing COVID-19 outbreak. For US, the downtrend has reversed on the 27th Mar 2020 where S&P500 closed at 2541.47 on that day. From then on, the index has risen to 2874.56, a gain of +13.11%. For many people, this amount of profit would allow them to close shop for the rest of the year.

This was what I have posted to my followers on 28th Mar 2020 to inform them on the trend reversal.

As for STI, MATA turned bullish on 7th Apr 2020. STI closed at 2579.81 on that day. So far it has risen +2.05%.

This was what I posted to my followers. Pretty excited I was during that time.

So far it looks like the uptrend is persisting as governments appear to be doing 'whatever it takes' to boost the economy. Please do your own due diligence as well.

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