- The current state of Global market: GREEN
- As market keeps going higher - one question everybody trying to answer: When will it end? Some have already picked up date: Jan 20 2017 when Trump takes oath
- Nobody knows the future. Hence, never get carried away by what others think. Focus on what market is doing right now, not what it should or what it will do.
- Bearish noise is always very convincing. This expensive argument is now 4 years old. High P/Es reveal nothing about the near-term moves
- The politicial risk is for real but the market over last six months have decided to ignore it
- What's driving the global rally today: China
- The Dollar and Oil also on strong Bullish mode.
- 1 USD = 68.39 INR. INR will depreciate sharply if it breaks 68.85
- How enthusiastically Indian market responded to Global rally?
- Listening to Opinions is waste of time. It's biased, useless and taken to fill TV hours
- How about one Bullish opinion 🙂
- What's Market Opinion: Bullish as long as Nifty trades above the bullish base of 7920.
- One Disturbing trend: FIIs continue to sell
- State of Indian economy: [Good Budget + Good Monsoon] in CY2016 = EXCITEMENT!!! which got negated by demonetization. Now can Budget revive the excitement again?
- Budget dates: 31st Jan is Economic survey...1st Feb Union budget
- Will Reliance stock breakout in 2017?
- Some sectors in real momentum like Sugar, Rice
- 2016 was a great year for commodities. Example: Iron ore soared 81 percent in 2016. But one should not expect the repeat in 2017 as supply is expected to surge. Here's CRB index
- According to the latest Thomson Reuters GFMS Survey, India’s gold import in 2016 in tonnage terms dropped to the lowest since 2003. [Official estimate puts it at 492 tons]
- The Politics that can move the market
Sources To BTVI: Election Commission Likely To Announce U.P Election Dates Tomorrow pic.twitter.com/MmWRiDefwW
— BTVI Live (@BTVI) January 3, 2017
- There is no perfect strategy in the world. This is for Buy and Hold folks
- Is 2008 distant memory? “The total value of the U.S. housing stock grew to a $29.6 trillion in 2016, an increase of nearly 6%. The U.S. housing market now has regained all the value lost during the housing crisis” ~ Zillow.
- Twitter wisdom.
- 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 my prediction for 2017. All the predictions you read will NOT play out. Predicting is for amateurs and all it creates is bias.
— Assad Tannous (@AsennaWealth) January 3, 2017
— Bloomberg (@business) January 3, 2017
CHINA: Shanghai Comp pops +1% to kick off 2017 pic.twitter.com/nW9adrmflU
— Keith McCullough (@KeithMcCullough) January 3, 2017
Oil hits 18-month highs as markets eye output cuts https://t.co/l4I4K7PocH
— FOX Business (@FoxBusiness) January 3, 2017
USDINR has created a strong resistance at 68.85. It means depreciation risk in INR well protected as long as it trades below that level pic.twitter.com/N9Ymswvl67
— Deepak Singh (@smarket) December 12, 2016
FIIs net sell shares worth Rs 500 cr on Jan 3.
DIIs net buy shares worth Rs 562 cr on Jan 3.
— ET NOW (@ETNOWlive) January 3, 2017
— Geetu Moza (@Geetu_Moza) January 3, 2017
— CNBC-TV18 News (@CNBCTV18News) January 3, 2017
Today in market history, 1990:
The Japanese Nikkei stock index peaks at 38,915. Over 25 years later, it still trades more than 20% below.
— Ritholtz Wealth (@RitholtzWealth) January 3, 2017
Everyone is looking at the same charts and the same data, so if you think there is some secret, predictive Tell in any of it, there isn't.
— LMT978 (@LMT978) January 3, 2017
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