Sunday, October 10, 2010

Tuesday, August 17, 2010

Cotton ETF's heating up

To add to the list is BAL : ETN for cotton

Tuesday, June 29, 2010

Market next move

I think the Market is going to make a move upwards from here. reasoning
1) Prior low and strong support
2) BB lower band
3) Copper started ticking up (no so much in consideration)
4) Today's down move is without any new news. I believe the current bad news are already priced in
I put in some money to work on the long side as the risk/reward ratio for entry is very low.

Also noting that it can go down from here if it breaks the support line. If that happens the strategy is to get out totally from the market and wait for the next entry point. Up or down.

Market- Comparing with my prediction

Monday, June 28, 2010

Friday, June 25, 2010

Next move - Market

Combining the previous post and BB, here is what I think

Thursday, June 24, 2010

Market - Predicting the next move

Follow the dotted line

Market - Choppy action

The volume has been below average for the last one month. Market is drifting down. It seems like moving averages are not holding as support or resistance. The market may be in for sideways actions for a while considering the lack of volume. Time to closely watch the bollinger bands. The daily charts starting moving with respect to BB

Sunday, June 20, 2010

Copper and Market

Time to look at the correlation between copper and market. If the market is going to follow copper, then the next move is down. let us see

Oil and EURO

Lately Oil has shown some strength when EURO was going down. To watch closely to see this co relation. EURO made a new lower low on June 7th. But Oil held its ground on.OK. What next in terms of investment. Wait for a pull back in oil and see how it plays out and start analyzing the chart for proper entry point. COP, VLO most correlation to Oil

Will chart tell the truth

i think so. Charts will be helpful to understand the longterm trend changes. To use it for daily health check of the stock may not work. The sector weakness/strength can be predicted with chart and volume patterns.

What is up with commodities

Currently the commodities (Oil, steel etc) except gold are tied to EURO. to watch out for that trend to break or not. So the question is what is up with EURO. Is it going to get more weak and go away or find some ground. The answer is to add Euro watch charts to daily routine to find those answers

Stock picking

Now my pick list is dominated by semiconductors and retailers.
Stock picking strategies.
1) Buy market leaders
2) Buy beaten down stocks
3) Turn around stories
4) Buy IPO
5) Buy commodities
6) Buy dividend plays

Actually all these will work if played correctly :)

And what is my strategy. Currently I am with market leaders

The strategy I am seriously considering is
Watch the industry sectors for strength ,turn around by looking at charts. Buy the leaders/best stocks with strong fundamentals in those sectors. Rotate out of the sectors showing weakness
Pre condition : Market has to be in uptrend
Limit the number of stocks in portfolio to 10.
Have 1 IPO in the portfolio.
If the market stance turns, then short the index not the individual stocks
Another thing : Do not listen to talking heads in TV and read less crap. Trust own instincts.

Market in Uptrend

Yes. Market showed it hand a little bit. Looks like the chance is to go up more than to go down. Area of concern is that the volume is low

Wednesday, June 9, 2010

Market Rally under Pressure

Up or down. We will know in couple of days.

Thursday, June 3, 2010

Market Correction over

Nasdaq had a follow through day yesterday. The volume pattern is also encouraging. I put in some money to work today. S&P is right at the resistance.Hence i did not go full throtle

Tuesday, June 1, 2010

Market in correction

Classic failure at moving averages. But the volume is subsiding in the current downturn. If the volume trend remains, the this move down will give a buying opportunity. I am looking at 1040 to toe in

Sunday, May 23, 2010

Copper and Market

Copper is used everywhere, decrease or increase in demand for copper is an indication of market recover. See charts below

Tuesday, May 18, 2010

Market in correction

Today brought UNG and SLV . I don't have a good feeling for the UNG. Hope it will pan out.

Forex Trade - EUR USD

Did the first trade in Demo account. Made a profit :)

Monday, May 17, 2010

Market stance - Market in Correction

In older days, I would have jumped in today as it looked like a reversal day. But the volume is lighter that yesterday. Waiting for more conformation to see which side the market goes

Friday, May 14, 2010

Market stance - Short

The S&P and NASDAQ failed at critical resistance.