Dow Zone index - DJI

The Dow Zone Index is trading at the peak level after retesting the high of 26952 , it has now retraced a bit to close at 26922 .
It is good to be cautious as the index is hovering at the Peak level!


Looking at the chart for reference, we noticed that it takes about 6 months from 23344 2nd April 2018 to reach the high of 26952 on 3rd Oct 2018 and gone down to touch 21792 on 24th Dec 2018 within the span of 2 months plus.

The same scenario may repeat as it is rising up for more than 6 months period after hitting the high of 26966 on 3rd July 2019. It may go down to revisit 23000 then 22000 level.


Currently, my portfolio allocation is as follows:

SSB & Corporate Bonds - 50%
Cash                                 - 31%
Equity                              - 19%

I would be staying sideline at this moment till we see some clarity from the market direction for the next 2 weeks.

I think half year reporting for the US market may not be good as the business is mostly affected by the trade sage that has been going on for quite sometimes.

Not a call to buy or sell.

Pls dyodd.