Daily Remarks – Wednesday, August 15, 2012

Yesterday’s Action – Dojis, Bearish Engulfing and Dark Clouds Tuesday had started on a positive note. In the early session, the US futures continued their uptrend that they had acquired in the middle of Monday’s trading. However, the upward momentum could not continue for too long and just like they did on Monday, major indices…

Daily Remarks – Tuesday, August 14, 2012

Yesterday’s Price Action: Dow Jones – Upward Posture Could Morph Into Topping Risk Dow Jones Industrial Average started the day under pressure and remained so through the day. For the first half of the day’s session, till 12:15 PM New York Time, DJIA was declining. At 12:00 Noon, DJIA made a Wyckoff spring on 15…

The Vixen VIX

$VIX is entering a zone that has been historically good for the market. It is flirting with a reading of 15. So should you take this as a signal that the market is topping out and that it is ready to topple over and that you need to get out of the market? The history of VIX…

Key Levels For The Week Of August 13 – 2012

Weekly Pivots:   Dow S&P500 NASDAQ DJTRA R2K FTSE DAX Previous 13,096 1,391 2,968 5,086 788 5,787 6,866 Open 13,100 1,391 2,978 5,087 789 5,787 6,846 High 13,216 1,407 3,029 5,125 806 5,860 6,989 Low 13,095 1,391 2,974 5,017 789 5,767 6,846 Close 13,208 1,406 3,021 5,064 802 5,847 6,945 Change % 0.9% 1.1% 1.8%…

Should You Be Getting Misty?

The word BRIC entered the lexicon of global investors and traders in 2001 thanks to Jim O’Neill of Goldman Sachs. Since then there has been a continuous stream of products, investment theses, strategies and contrary opinions to take advantages of the booms and busts in those economies. If one had invested at the beginning of…

Some Intel on INTC

INTC is forming an emerging double bottom pattern. On August 6th, the chip maker broke above the neckline of a double bottom formed by the lows on July 12th and July 24th. Before that on August 1st, it broke above the upper limit of a descending triangle making it a failed pattern. In the process,…

Daily Remarks – Thursday August 09, 2012

Market At A Glance: On Wednesday, global equity market maintained their upward posture notwithstanding early downward pressure. The US futures were trading lower in the pre-market session. But they made low for the day in the first few minutes of trading and then moved up closing in the upper half of the day’s range. For…

Around The Net In Ten Posts – Thursday August 09, 2012

0Here is what I am reading: Mexico Wages Undercut China, Fuel Manufacturing Boom (Investors Business Daily) Commodity Index Fund Breaks Pennant Resistance (Don’t Ignore This Chart) The best market rallies defy logic (MarketWtach) 9 Cheap Stocks Taking Off Right Now: Apple is One of Them (Insider Monkey) No One Trusts Wall Street (and Why That’s Very…