Better than expected economic data from the US propelled the indices northwards .Durable goods order was higher than expected. New Home Sales for August was also much better than expected on a month to month comparison. However one needs to compare the home sales with the same month of the previous [...]
As expected key economic data coming from the US was disappointing. The main concern for US remains unemployment and the increase in jobless claims further casts doubts over the recovery of the US economy. In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an [...]
Hi friends,
Keep a limit order at 106 5.50 (entered at 1125 or added at 1100) and cover 50% shorts.
Savio
Hi friends,
Although the S&P500 has triggered the SL of 1095 one can continue to remain short and add more shorts between 1100-1104. The first target is 1065 and if the main support 1050 is breached then lower levels can be seen pretty soon. Right now this is a mere pullback with very less volumes and 1065 is [...]
Hi friends,
Cover 50% of the shorts at 1065( earlier entered at 1125). The fall in the S&P500 is likely to be deeper. So continue to hold the balance 50% with a SL at 1095. In case there is a bounceback we can think of adding shorts at higher levels.
Savio
Hi friends,
The S&P500 is very close to a stiff resistance at 1130.One can go short now at 1125 with a SL at 1135.
One can also short August nifty futures tomorrow between 5480-5500 in case it gets there.
Savio
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,
It was a day of getting Stopped out. We got stopped out both on the S&P500 and on the Nifty futures. However we are still short on the QQQQ. The US market still remains in uncertain territory and so right now one needs to just wait patiently before getting back into position. The Indian market on the other [...]
Hi friends,
Revise yourshort entry point on the S&P500 to 1085 with a SL at 1095. The markets seems to have discounted most of the good news in terms of earning and is most likely to resume its downward journey. This time it is likely that support of 1040 will give way. So one can even [...]
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 [...]
Emerging Markets | India | Nifty | Dow | Forex Wallstreetrockstar.com Volatility Feed
RSS
Twitter
Facebook
NetworkedBlogs
YouTube
