SET50 bottom is in

Sep 1

SET50 finally broke above 200-day moving avergae. This comes with significantly improved market breadth.

Bottom is in. Any pullback to 845-850 area is a buy opportunity

Sep 5

Note

SET50 is up 3.7% WTD.

SET50 has reached the major RESISTANCE for the first time in 2024.
I'd hold back against 'chasing' at this index level even thoughthe momentum and volume look supportive.
Consolidation is expected if the index is to have a healthy run up. Consolidation range 875-885

Sep 6

Note

The momentum flow (algo) is dominating so the index is defying gravity and no pullback as I expected.
>> set.or.th/th/market/statistics/program-trading-value

Looking at investor type and broker rank data - this flow is likely 'hot' flow ( Short-term, speculative), possibly front-running the launch of Vayupak fund.
>> Investor type: set.or.th/th/market/statistics/investor-type
>> Broker rank: mgronline.com/stockmarket/4919/start=0

With the algos riding the momentum trade, it's important to keep an eye on the trend and RoC indicators.

Oct 23

Trade closed: target reached

too fast too soon.

momentum that has pushed SET50 to 950-960 in 9 weeks is exhausted.
Breadth indicator is now turning bearish, with only few stocks fueling the index in the past week. It's time to close the long.