- Global equity markets are giving mixed signal now on what may happen next. Don't worry they give this kind of signal all the time
- In market - never say never to anything. Anything can happen. Bears have a valid argument like - The S&P 500 is now trading at the highest price-to-sales (PS) and price/earnings-to-growth (PEG) ratios in the history of the stock market.
- It is how traders are positioned that determines the direction of trade and not the logic of it. What else can explain the rally in Yen.
- CY 2016 has been the year where every overcrowded trade has been crushed. I am talking about the Long Dollar, Short Yen, Commodities and Gold
- Fundamental concerns around Global growth are genuine. The Merchandise World Trade Monitor tracks global imports and exports in two measures: by volume and by unit price in US dollars. So far in 2016, world trade is down by 0.4% on a volume basis and down 3.8% in dollar terms.
- This is how much Nifty has pulled back in last 5 days.
- Even FIIs now have started selling in cash market. As per provisional figures - FIIs net sold 755 crores whereas DIIs net bought 484 crores worth of stocks
- The Resistance at 7973 on Nifty is now popular and well publicized
- Bearish moves kill the bullish enthusiasm. It creates a better market for sustainable run
- Reliance has pulled back pretty substantially in last two weeks.
- Frontline Tech Stocks have no momentum. Today - they all sold off and What's with 1.9%?
- When stocks rally too much - then there is very little scope for bad earnings. TVS Motors saw a big selling today on disappointing earnings.
- Hero Motors posted solid sales growth in April. The stock also has come down to 50 dma. Can it resume uptrend?
- Real Estate is the NEW Favorite sector of many. Charts don't lie. Here's IndiaBulls Real Estate stock chart
- Is NBCC all set for breakout?
- Cement is one sector where there is lots of Bullish Action: Here's how the sector stands as of today - Premium Content
- 1 USD = 66.51 INR
- Will Insecticide stock react to this news? Remember - Sector is back in favor and it would be interesting to watch how market reacts
- A very simple Trading rule: Never ignore a Good Chart that is doing all the right thing. [Science of Stock Price Action]
- GNFC stock now up 48.5% since March 10 2016. I did mention about the stock in Market Observations (Point 22) on March 10 when stock was at 75.4
- Here’s one stock that is scripting a Technical Turnaround? - Premium Content
- There is no such thing as perfect system.
- Trading is all about waiting for that right opportunity. Waiting is the mantra. Remember, Opportunity does not travel on any schedule; you have to watch for it
- Do you like State of the Market Website. Please support it. Purchase the Video Book - Science of Stock Price Action and get full access to all the additional content for 6 months. Here's what one reader of the Book has to say -
The yen has moved a whopping 13% since the BOJ adopted negative rates. 13% higher though, not lower. pic.twitter.com/ZSWyL9oX74
— Jamie McGeever (@ReutersJamie) May 3, 2016
Insecticides India: Gets Tax Demand Notice-cum-Assessment Order Disallowing FY12 Capital Receipts
— Varinder Bansal (@varinder_bansal) May 3, 2016
Fear of losses lead many novice traders in search of holy grail systems that promise to be right 80% + of the time. Good luck with that one
— Peter Brandt (@PeterLBrandt) May 3, 2016
Very simple explaination of the most complicated subject.Honestly Iwas a bit sceptical about the course before I intended to subscibed it. Now feel that I have made a right decision.The narration is very simple and easy to understand the concepts even for a layman. Thanks for the updates and would like to get more inputs,in case you intend to offer other courses or services. Thanks once again. ~ ASHOK Velayudhan
ChartSource: Chartalert.com [Indian Stocks]
Do you like reading Market Observations and don't want to miss it - then Like our Facebook Page. Market Observations will show up on your facebook timeline.
Please share your comments on what you think of market observations, market and trading in general
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