Hi friends,
It is a very important week ahead. The main event is the US debt ceiling deadline on 2nd August.The moot question is will the deadline be extended on the basis of an actual plan or will the US be declared a defaulter which could see it losing its credit rating. I had been mentioning [...]
Hi friends,
The US stock markets continued to grind higher. Money since the start of the year has moved out of emerging markets into developed markets. My view had always been that the US markets would move higher despite all concerns . There is just too much liquidity around and most companies on the S&P500 and [...]
Hi friends, It’s been 2 weeks since I posted my updates. I haven’t been keeping too well and even as I write this update today I am yet to recover fully. However for those who regularly visit this site you could have followed me on twitter as I posted most of my trades before hand [...]
Hi friends,
Economic data from the US continued to be mixed. Advance retails sales was better than expected at 0.6% vs. 0.4% while Consumer confidence (as per the University of Michigan Confidence) was still lagging behind at 67.9 vs. 69.Initial jobless claims came in higher than expected at 462000 vs. 445000.The Fed chairman also indicated in [...]
Hi friends,
It was quite an eventful week not just for the US markets but also major markets around the world. Most economic data from US as well as other countries were quite encouraging and that was reflected in the most markets and the US market in particular making a strong pullback.
The pullback started with positive [...]
As expected data from the US as well as other parts of the world continued to disappoint. The US New Home Sales continued to disappoint at 276000 against an analyst estimated of 330000(Source: www.dailyfx.com). As mentioned in my earlier write ups the root cause is the rate of [...]
Hi friends,
As expected after 3 down days the nifty has bounced back to levels where we can re enter a short position. Sell Nifty August Futures Contract at 5460- CMP is 5467 (10 points plus/minus is fine) with a SL at 5520 on a closing basis.
Savio
US GDP for the quarter came in at 2.4%, a little lower than the expected 2.5% but more than a percent slower than the first quarter GDP. Consumer spending was lower during the second quarter. However increase in the investment in the software and equipment sector was very robust .The increase in the real estate [...]
Hi friends,
It was wait and watch the whole week. The nifty July futures contract expired yesterday and now we are into the August series. The market has discounted most of the good news to the optimum and the bad news seems to have been ignored altogether. The focus is now going to shift to the [...]
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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