Hi friends,
Unemployment continues to be a major hurdle in the economic recovery of the USA. Private sector employment has not been rising in line with expectations and that is the main worry as it is the small businesses which need to flourish if employment is to be generated. So until we see the small businesses [...]
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 [...]
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 [...]
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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