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Is the stock market defying conventional logic?

Posted by on April 17, 2015 10:01 am · 18 views

in Stock Trading

Interest rate has started coming down. So has inflation. WPI inflation is actually negative. IIP number is positive and inching up – indicating manufacturing growth. Forex reserves are at an all-time high. Sales of medium and heavy commercial vehicles are rising – which is an indication of a recovering economy. Passenger car sales grew after […]

The daily bar chart pattern of WTI Crude oil rallied strongly after touching a 6 years low of 42.50 on Mar 17 ‘15, and re-entered the ‘support-resistance zone’ between 47.50 and 54. (Note that all three technical indicators had shown positive divergences by failing to touch new lows with oils’ price.) After crossing above the 20 day […]

The daily bar chart pattern of S&P 500 closed 35 points (1.7%) higher on a weekly basis, and climbed back inside the large ‘rising wedge’ pattern (see last week’s post) once again. The index is consolidating sideways within a ‘symmetrical triangle’ pattern since the last week of Feb ‘15. Triangles are usually continuation patterns, so the likely break […]

There was good news on the macroeconomic front. The IIP number for Feb ‘15 was at a three-month high of 5%. The revised figure for Jan ‘15 is 2.8%. Growth was broad-based. Only consumer durables showed contraction. Passenger car sales increased by 5% during 2014-15, after decrease of 7.7% and 4.7% in the previous two years. Commercial […]

5 Rules to take your Trading to the Next Level

Posted by on April 11, 2015 12:06 pm · 39 views

in Stock Trading

In yesterday’s post, a link to an article by Greg Guenthner of Daily Reckoning – that commented on the first 4 of a set of investment rules of Ned Davis – was provided. These rules have been developed by Davis during 35 years of a successful investment career. Understanding and mastering these rules – which are […]

4 Rules You Must Know to Beat the Market

Posted by on April 10, 2015 12:08 pm · 61 views

in Stock Trading

In a recent article in Daily Reckoning, Greg Guenthner discussed the first 4 of a set of investment rules followed by Ned Davis (of Ned Davis Research Group). During 35 years of a successful investment career, Davis has used these rules to beat the market. If you want to succeed in the market – whether it is […]

Nifty chart: a mid-week update (Apr 08 ‘15)

Posted by on April 8, 2015 20:50 pm · 63 views

in Stock Trading

RBI maintained status quo on interest rates, and nudged banks to lower their lending rates. Banks had been reluctant to pass on the benefit of RBI’s two earlier 25 bps interest rate cuts to borrowers. SBI, HDFC Bank, ICICI Bank and Axis Bank have lowered lending rates by a modest 15 bps (0.15%) each. More […]

The daily bar chart pattern of gold bounced up strongly from the ‘support zone’ (between 1130 and 1150), and climbed above its 20 day and 50 day EMAs but faced resistance from the 1220 level. The possibility of an upward bounce – due to oversold technical indicators – was mentioned in theprevious post. A likely interest rate […]

In a holiday-truncated trading week, the daily bar chart pattern of S&P 500 closed marginally higher on a weekly basis, but dropped below the large ‘rising wedge’ pattern once again after briefly pulling back inside the ‘wedge’. The index closed below its 20 day and 50 day EMAs, but is trading well above its rising 200 day […]

In a holiday-shortened trading week of just 3 days, DIIs were net buyers of equity. FIIs were net buyers on Tue. and Wed. (Mar 31 and Apr 1). Both Sensex and Nifty bounced up from important support zones. For the month of Mar ‘15, FIIs were net buyers of equity worth Rs 6600 Crores (as […]

Evolving IT Services Market Warrants Attention

Posted by on April 2, 2015 13:17 pm · 30 views

in Stock Trading

The global IT services market may be worth $1 Trillion, but it is highly fragmented. The top three players – IBM, HP, Accenture – account for 12.5% global market share. Other top players – like CAP Gemini, Computer Sciences Corp., Cognizant – account for around 1% share each. The bulk of the market is shared […]

Comparing Nifty with Global Indices over the past year

Posted by on March 31, 2015 13:52 pm · 28 views

in Stock Trading

The Indian stock market performed splendidly during the past year. Nifty gained nearly 35% when it hit its peak earlier this month. The subsequent correction pared off some of the gains. Yet Nifty clocked more than 25% gains for the year – which is quite substantial for an index dominated by large-cap stocks. To put the gains […]

The daily bar chart pattern of S&P 500 rose to touch a lower top of 2115 on Mon. Mar 23 ‘15, formed a ‘reversal day’ pattern (higher high, lower close), corrected below its 20 day and 50 day EMAs, and broke down below the large ‘rising wedge’ pattern on Thu. Mar 26 ‘15. On the last day […]

Militant groups have been under fire on several fronts. Pakistani Air Force is pounding Taliban fighters on the Af-Pak border. USA has resumed air strikes on IS in Iraq. Saudi Arabian jets bombed Houthi militants in Yemen. Global markets were spooked by the possibility that movement of oil tankers through Aden may get affected. Prices […]

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