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 [...]

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Hi friends,

Just thought of adding a quick line. In case the SL at 1092 gets triggered do not add positions. Just exit and wait out. Probably those trading Contract For Difference(CFD) would have already been stopped out. Those who are willing to hold till the nonfarm payroll reports are out can keep a SL at [...]

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Hi friends,

As I had mentioned in my weekly update the S&P500 had a possibility of bouncing back to the 1073-1084 region and that has happened with the help of positive data coming in from China(Purchase Managers Index data indicated market had not yet contracted as thought of last month) and Australia. The manufacturing data from US [...]

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Hi friends,

Cover all short positions on the S&P500 around 1054(spot). Let’s wait and watch if there is a bounceback or a breakdown.

Savio 

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Hi friends,

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 [...]