- The most bearish thing a market can do is Go down and Go down sharply. It just wakes the market up to all kinds of risks.
- Three Top risk: Falling oil prices, a soaring dollar and weaker global demand
- U.S. chief executive officers are more pessimistic about corporate earnings than any time since the financial crisis, according to research from Bespoke Investment Group LLC. As per analysts, Standard & Poor's 500 companies will see no earnings growth at all in the first quarter of 2015
- The market is clearly nervous: Since December, S&P500 has lost 5%, gained 6%, lost 5%, gained 4%, lost 4%, gained 4% and now lost nearly 4% again.
- Technically, everyone is watching 1990 on S&P500: Will it hold or break?
- The Commerce Department said Friday that the U.S. economy grew at a 2.6% annual rate in the fourth quarter. Disappointing growth.
- Personal consumption expenditures rose 4.3% at a seasonally adjusted annual rate in the last three months of 2014, representing the biggest increase since the first quarter of 2006. But is this good enough?
- “We haven’t seen the extra savings from lower gas prices translate into additional discretionary consumer spending” ......Ajay Banga , chief executive of MasterCard Inc
- Brent Crude seems to have put a bottom in place with long legged doji. This week a strong bounce means $45 is the floor for now
- The decline in crude price has damaged Russia. Russia sees economy shrinking 3% in 2015; economy ministry forecasts 12% inflation rate. Look at Ruble depreciation
- Coming to Indian market - USD made a solid comeback against INR in last two days. It's clear now that USDINR has formed a range between 60 and 64
- In India, it is the bank Nifty that drives Nifty. Most of the leading names outside Bank Nifty like Reliance, Bharti and ITC have been lackluster in last few months
- Bank Nifty Technically has seen exhaustion in buying. The strong selling on Friday just confirms it.
- Bank Nifty declined 3.31% on Friday. Reason: Rising provisions of bad loans by leading Banks like Bank of Baroda and ICICI Bank. There is real concern on asset quality
- With Banks under correction - will market focus switch to Bharti Telecom. The stock has made a good start but right now on pull back mode.
- Reliance seems to have run out of energy at 920.
- Is BHEL trying to clear an important resistance point? Technical signs are there
- Cement stocks are back in business. One can see strong momentum in ACC and Ambuja Cement. It looks like a sectoral move
- On Friday, there was strong selling across the board but infra stocks saw huuge buying...prebudget move? Just see the chart of HCC
- Never get sucked into trade because of news based moves. They generally end up as sucker rally. That's what seems to be happening with major real estate names like HDIL, DLF, Indiabull Real Estate
- Gold lovers are back and flaunting this last 3 month chart, but they forget that they are fighting against the trend
- What is economic growth?: In 2004, 24% of households in China owned a fridge. Ten years later this had shot up to 88% - BBC news
- "The time to strike is when the opportunity presents itself." ~6th Code of Isshin- Ryu Karate
- "Much of our trading comes down to a battle between our patience and our impulses." ~Steve Burns
- Your ability to stick to a strategy matters more than the strategy itself.
ChartSource: Chartalert.com [Indian Stocks]
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers