Plain and simple. This market has not bottomed!

I stated this thread in 2011 and the bottoming patterns I highlighted are not present in the current market. And worse the global stocks are flashing ugly sellside signals since Aug 2015.

Keep your eyes fixed on Japan. The show should start from there.

Quite interesting to see mpesa bank afloat through the solid sellside period from March 2015. With most counters underwater if mpesa bank were to lose the 14 handle support, NSE20 would be testing sub 3500 levels!

Very puzzling from safcom I would have expected it to be in the 12-13zone by now but so far it has put up an almost impregnable defense of the indices.

NSE20 is out running the NASI in losses with the latter roughly tracking KES weakness. Mid and small caps are yet to have their day in the cleaners.

If we are to have a bottom, then lots and lots of shavings are in waiting. In addition, the banks still seem to be all cosy despite an NPL overhang plus reduced NIM's are yet to reflect on their bottomline.

it's planting time.

What is the sign to look for? .If only it were that easy to tell.But opportunities to make money have presented themselves,i saw @sparkly trade Kengen from 5,Britam has done a 10 to 13 for those who took it up or KK from 8s to current levels.I have done KCB from 37 to 42.5 and Starnchart from 190s to 247-250(both sold i now sit out and see those first quarter numbers first) and Bamburi for the dividend yield.
Trading good companies is for me the way to go,if the above tanked after i got in, the dividends would have kept me going waiting for prices to recover.Just keep off the Mumias,KQ,Uchumi and fellow junk counters.