Hi   friends,

The week went off as expected. A bit choppy but no real action in terms of a determinate continuation of the uptrend or a reversal in the US markets, currency markets and most global equity markets. The last week did not have any major events and the overall market movement was expected. Almost 79% [...]

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Hi friends,

The week started with the Homebuilder confidence declining for a second consecutive month in July to its lowest level since April 2009.The National Association of Home Builders/Wells Fargo Housing Market Index has fallen from a peak of 22 in May to 15 in July. One reason could be Home buyer’s tax credit expiration may [...]

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Hi  Friends,

Yesterday our trailing SL on the S&P got triggered at 1078. However we still locked in 19 points. I had mentioned in my weekly update that there was a possibility of a pullback after the sell off on Friday. Inspite of the pullback the sentiment is still weak.Housing data has not been encouraging and it appears that [...]

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Hi friends,

The Dow and S&P saw a sell off on the last trading session of the week. A few of the larger corporates like GE, Citigroup and Bank of America reported earning which disappointed the streets. While most Asian markets remained flat to negative during the week. However the Indian market continued to defy gravity [...]

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Hi Friends,

Global Markets pulled back with the Dow posting the best gains during the week and closing a t 10198. I had mentioned in my earlier write up that while the short term trend is down one should be cautiously pessimistic  as there is a lot of liquidity on the sidelines and pullbacks can be [...]

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