Hi Friends,
The week was in line with expectation. Most indices tested their support levels and bounced back. The bounce back was supported by some good news. The Bank of England launched a second round of quantitative easing, pledging to buy a bigger-than-expected 75 billion pounds of assets with new money. The European Central Bank followed [...]
Hi friends,
The FOMC proved to be the trigger for a massive sell off in global equity, metals, and commodities. Practically everything pegged against the dollar. But the “Operation Twist” was known to the market wasn’t it? Then what was it that caused the massive sell off? Were Mr Bernanke’s statements about the global economy under [...]
Hi friends,
The last week went off as expected. The S&P500 reacting near the 1300 mark and most of the currency pairs mentioned achieved their respective targets. The earning of most companies in the S&P500 continues to beat expectations and till interest rates remain low the market would continue to move up. Germany continues to be [...]
Hi Friends,
Summary
As expected the US Markets pullbacked this week with a bit of profit booking towards the last trading session on account of the long weekend. With the short term trend for the market remaining down the trade remains on the downside.With reports mentioning a likely double dip recession in the US and Europe already under [...]
Hi friends,
Markets have been refusing to give even minor corrections.
Dow
The Dow was more or less range bound.But no entry could be made. Wait for a retracement to around 10600-10500 . One can buy call options (near/out of the money 3months away) of the Diamonds Trust Series ETF (DIA) corresponding to [...]
Hi friends,
Summary
The Dow came within 3 points to the psychological level of 11000 to extend its gains from this classic bear market rally.
The next level to watch out is 11500 and finally 12000 which I had mentioned in my earlier write up “ Why Markets are headed higher in the short term”. The Bear Market [...]
Hi friends,
Summary
As expected the Dow went past 11000. However news that Goldman Sachs was involved in a fraud sent the market tumbling on the last session of the trading week. So one saw a selloff in Stocks, Gold, Oil and most assets again giving credential to my view that the rally is only liquidity driven. [...]
Hi friends,
Summary
The US markets continued its upward journey on the back of better than expected results.The Dow closed at 11204 and the S&P 1217. We are very close to peaking here and one last burst of a rally can be expected before the S&P retreats to 1150 and the Dow to 10500. Interest rates are [...]
Hi friends,
It has been quite a glorious week. On Friday my Wife and I were blessed with our first child; a baby boy J . Suddenly from trading markets my life has taken a “U turn” and I have been changing napies and cleaning my boy for most part of the weekend LOL!!. But I [...]
Hi friends,
It has been an absolutely exciting week. From technical glitches to the Greece crisis beginning to get contagion there were reasons aplenty blaming the crash. The fact of the matter is the market was due for a correction and it happened. The SEC is reportedly probing into the crash and in the immediate short [...]
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