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12 Things You Need To Know About Financial Statements

Posted by on September 3, 2015 21:39 pm · 23 views

in Stock Trading

When stock markets are in turmoil, like now – Sensex up 300 points one day and down 500 points the next – the tendency of many small investors is to get paralysed by fear. They tend to sell their stock holdings just when the market nears a bottom. Fear is a strong emotion that is […]

Nifty chart: a mid-week update (Sep 02 ‘15)

Posted by on September 2, 2015 20:25 pm · 40 views

in Stock Trading

Economic slowdown in China, and its possible repercussions on global economic growth, have sent FIIs on a selling spree. Global stock markets are in danger of slipping into bear markets. Some have done so already. During Aug ‘15, FIIs were net sellers of equity worth a huge Rs 19300 Crores – exceeding their net sales […]

The daily bar chart pattern of gold rallied past its 20 day and 50 day EMAs to touch an intra-day high of 1170 on Mon. Aug 24 – but failed to test resistance from its falling 200 day EMA and formed a ‘reversal day’ (higher high, lower close) pattern on huge volumes. The two weeks […]

The daily bar chart pattern of S&P 500 plunged to a low of 1867 on a huge volume surge on Mon Aug 24 – which indicates a ‘panic bottom’ well below the downward target of 1945 (mentioned inlast week’s post). Since ‘panic bottoms’ seldom hold, the probability of the index dropping even lower – perhaps […]

Sensex, Nifty charts: form bearish downward gaps

Posted by on August 30, 2015 12:11 pm · 55 views

in Stock Trading

Devaluation of the Chinese Yuan created panic selling across global markets that got exacerbated by unwinding of long positions. Despite signs of improvement in India’s macroeconomic data, our stock market could not avoid the global contagion of fear. FIIs rushed towards the exit door, their net selling in equities for the week touching a whopping […]

The recent FII sell-off in global stock markets left investors and analysts scratching their heads and predicting another worldwide recession. Why? Apparently because China’s growth slowdown will seriously affect the global economy and hence, their stock markets. The fear is overdone. Contrary to popular belief, there is no correlation between GDP growth and stock market […]

WTI and Brent Crude Oil charts: an update

Posted by on August 25, 2015 12:00 pm · 26 views

in Stock Trading

The daily bar chart pattern of WTI Crude continued its descent – to a level not seen since Sep 2003. Huge volumes on down days indicate no respite from bear selling. The following comments from the previous post on WTI Crude oil may be worth repeating: “Can we expect even lower prices? Daily technical indicators […]

S&P 500, FTSE 100 charts: bull markets in peril

Posted by on August 24, 2015 13:07 pm · 30 views

in Stock Trading

The following comments were made in last week’s post on the daily bar chart pattern of S&P 500:“Strong volumes on recent down-days is a sign of ‘distribution’. That increases the probability of a downward break out below the ‘rectangle’.”  So, it should not have come as a surprise to readers of this blog when the […]

Economic slowdown in China leading to a sharp fall in commodity prices, recession in countries like Brazil and Chile, renewed turmoil in Greece were several reasons cited for massive selling by FIIs across global markets including India. As per provisional figures, FIIs were net sellers of equity worth Rs 3900 Crores during the week – […]

Nifty chart: a mid-week update (Aug 19 ‘15)

Posted by on August 19, 2015 19:58 pm · 54 views

in Stock Trading

Turmoil in the Chinese stock market has kept global markets in check. India’s market has been no exception – despite macroeconomic indicators pointing to an improving economy. India Inc. appears to be waiting for the government to kick-start the investment cycle. Those companies that had gone ahead with their expansion plans and are sitting on […]

Gold and Silver charts: an update

Posted by on August 18, 2015 12:55 pm · 20 views

in Stock Trading

The daily bar chart pattern of gold broke out upwards from a ‘falling wedge’ pattern. Strong volume support technically validated the upward break out. After crossing above its 20 day EMA, the rally stalled near the 1125 level. On Thu. Aug 13 ‘15, gold’s price formed a ‘reversal day’ pattern (higher high, lower close) and […]

The daily bar chart pattern of S&P 500 has been consolidating sideways within a ‘rectangle’ pattern since Feb ‘15. Rectangles are usually continuation patterns, but can also act as reversal patterns at market tops (or bottoms). Strong volumes on recent down-days is a sign of ‘distribution’. That increases the probability of a downward breakout below […]

Sensex, Nifty charts: bulls repel strong bear attacks

Posted by on August 16, 2015 11:18 am · 78 views

in Stock Trading

WPI inflation was –4.05% in Jul ‘15 against –2.4% in Jun ‘15. It was the 9th straight month of contraction – thanks to lower prices of food and manufactured items. The possibility of an interest rate cut by RBI due to low CPI and WPI cheered market participants. All is not well on the balance […]

The printing and publishing industry rarely gets a second look from most small investors. The reason is simple. Newspapers and children’s school books and stationery do not fall under the preferred ‘exciting’ or ‘high tech’ categories. Savvy investors know how to cut through the glitter and marketing hoopla that surround popular stocks, and look for […]

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