Note: The charts and data are as of Friday April 5, 2019. To enlarge please click on charts. International Equities World equities are on an upswing. The S&P 500 stumbled a bit in the early part of 2018 and then again in Q4 too but since then it is rising consistently (see Chart 1) It…
The doyen of Technical Analysis, Robert W. Schabacker, in his ground-breaking book, “Technical Analysis and Stock Market Profits“, described symmetrical triangles as such, In its basic form, which we will take up first, it has the appearance of an equilateral triangle lying on its right side, with its base a perpendicular line at the left…
Last week started a volatile period for Nikkei 225. As we noted on May 24th, there are two opposing forces acting on the Japanese economy. One is Abenomics and the other is formed by a combination of fundamental reasons, namely –1) Weak closing of S&P 500 following confusing testimony of Chairman Bernanke; 2) Volatility in…
The Reserve Bank of India (RBI) and the Indian Ministry of Finance seem to be at loggerhead. The government is concerned with the slowing growth and is trying to implement growth policies and dropping strong hints to RBI to provide some help. In its mid-year economic analysis presented in Parliament on Monday, the finance ministry said it…
Shanghai Composite peaked in October 2007 at 6124 after rising almost six fold from July 2005 low of 1015. Then along with rest of the global equity markets it crashed, finally bottoming in October 2008 by reaching a low of 1665. Since then once a global leader, it has been a global laggard. In the…
Friday, November 16, 2012, saw major US indices make reversal days. Almost all – Dow Jones, S&P 500, NASDAQ and Russell 2000 – had outside reversal days. Dow and Russell 2000 also made bullish engulfing candles. In outside day pattern the high of the day is higher than the previous day’s high and the low is lower…
The tech bellwether, Intel has had some tough trading days in the last few weeks. In My 2012, INTC made an eight year high of 29.27. Since then it has been downhill for the semiconductor behemoth. First, the news came in August that Warren Buffet’s Berkshire Hathaway had dropped its Intel stake. Berkshire shed all…
$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…
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…
For the past few months, Dow Jones Industrial Average is not giving clear signals which direction it will go. This confusion is due to the uncertainty created by many current and future events around the world. European financial crisis is going strong and the policy makers are not able to devise a cohesive strategy to…
You must be logged in to post a comment.