Hi Friends,
Last week saw a reasonable decline in US indices as well as global indices. Well actually it was a global sell off. Once the 12000 level gave way the fall was inevitable. Concerns of a double dip recession have again been discussed on all channels. But readers of this weekly update already know all [...]
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 [...]
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 [...]
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,
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,
Stocks accelerated their sell-off today after Bank of America, Citigroup and GE reported disappointing revenues and consumers turned more pessimistic about the economy. The sell off has been across the board and at the beginning of the week i had mentioned that there was a high probabilty that the S&P would start its downward journey [...]
Hi friends,
The S&P is nearing stiff resistance. The recent pullback was just a technical pullback . The recent downgrade of Portugal has again raised fears on the Euro crisis. So there is a good probability that the S&P will soon start its downward journey as uncertainty continues to prevail in the global environment. Although results [...]
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 [...]
Emerging Markets | India | Nifty | Dow | Forex Wallstreetrockstar.com Volatility Feed
RSS
Twitter
Facebook
NetworkedBlogs
YouTube
