Hi Friends,
The sentiment continues to be bearish for the moment. Update trailing SL on the S&P short to 1050 and hold.
Savio
Real Time Forex News
Written By: Savio Rodrigues on June 29, 2010
No Comment
Hi friends,
The 50% position has been booked at 1060. Hold the balance with a trailing SL 0f 1073.
Savio
Written By: Savio Rodrigues on June 28, 2010
No Comment
Hi friends,
I have been down with fever since yesterday. So just a quick update on the S&P open position. Continue holding the short with a SL at 1092.
Savio
Written By: Savio Rodrigues on June 25, 2010
No Comment
Hi friends,
The nifty surprisingly is holding and outperforming all global markets. I need to see if there is a break in correlation with the S&P or is it just a fake movement. I suspect the latter. For now cover your positions around 5328 earlier entered at 5338. We will take a short entry later.
Savio
Written By: Savio Rodrigues on June 24, 2010
No Comment
Hi friends,
Negative data on home sales and weak forecasts for financials are likely to create a negative sentiment for sometime now. With uncertainty prevailing a test of 1057 on the S&P looks very likely. Sell S&P at 1083(keep a limit order) CMP 1080.5 SL 1092.
Savio
Written By: Savio Rodrigues on June 22, 2010
No Comment
Hi friends,
The Nifty is finding it difficult to break past the daily and weekly 55 period upper containment zone. One may sell July Nifty futures (minimum 2 lots) at 5338 (currently trading at a premium to spot 5324). Keep a SL at 5386. Target later.
Savio
Written By: Savio Rodrigues on June 20, 2010
No Comment
Hi friends,
Spain’s issue of 3.0 billion euros in 10-year bonds and 479 million euros of 30-year bonds was successfully subscribed too although the rate of interest was on the higher side. This added a lot positive sentiment to the global markets which extended their pullbacks to close the week positively.
Meanwhile China has agreed to make [...]
Written By: Savio Rodrigues on June 15, 2010
No Comment
Hi friends,
The S&P SL has been triggered at 1114. There could be some more upmove. So for the moment let’s wait and watch.
Savio
Written By: Savio Rodrigues on June 15, 2010
No Comment
Hi Friends,
The S&P sell limit order has been filled at 1109.50. Hold with a SL at 1114. Target later. Those who are yet to get in can take a position between 1108-1110.
Savio
Written By: Savio Rodrigues on June 15, 2010
No Comment
Hi friends,
One may sell the S&P500 at 1109.50 (keep a limit order ) with a SL 1114. Target later.
Savio
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