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…

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%…