As we predicted last week, there was small pull back was there. Market would close positive this week, to cofirm this rally. With uncertain economy indicators, market may see often pull back often. Earnings expectation , should drive the market for next few weeks. Big resistance ahead in 1295 to 1300 area, [...]
Watch List
As we expected from last week, the market was holding the support very nicely and had bounce from there, and also we were prepared with our shopping list from last week itself. . Last week in S&P 500 a doji candlestick was formed in weekly view. Which is indecision in market , if market closes [...]
Still market is heading to the S&P 500 level 1255 area. This area is very now. The other NASDAQ support is at 2630. DOW is at 11690 are the support areas. Market mans are expecting this as stop sign for now.Flurry of economy indicators are coming out this week , any depleted numbers would trigger [...]
Continue reading about Stock Market Update – Down Trend Supports
The down trend is continuing , bad signs . But wont last long, earnings session will be coming in couple of weeks, which would bring in buyers. But as of now the fall of the market seems to can be stopped only on S&P 500 in the area of 1250-1255 area. Next [...]
Market kept losing some key areas and market now is confirmed downtrend . Better to not buy anything as of now. We got rid of Ford at 14.50 , RackSpace 43.50 . If market moves lower, ready to get rid of some. Symbol Company Entry Price RVBD Riverbed Technology, Inc. 34.00 NFLX [...]
Wow, What a bleeding in market today. At the index level , lot technical damage has happened as of today. Some market leaders / or defensive stocks , where still up /or not down badly on this today market, this is the only incentive we have. The damage has not made to the defensive stocks [...]
Nothing much movement in our portfolio , so took a break. As I noted in my earlier note, 100 days moving average was great support., which is 1315 area. The selling pressure for the past two days is very low. Yet the trend to change , the S&P 500 has to cross the 1337 and [...]
As I noted below , market saw some sell off and regained the 1322 area . The next support area is 1310. Option expiration this week will keep the prices low. Oversold condition in the market will now help small rally. Market saw some sell off today, the 50 DMA which is at 1322 area [...]
Market saw some sell off today, the 50 DMA which is at 1322 area which have not seen yet… so uptrend has not changed still. The Market leading stocks did not see the sell off , which is good sign. Some changes, added some more in RAX- Rackspace with average lowering to 42.00, the [...]
Uptrend is still intact , the immediate trend will be broken if S&P 500 closes below 1345. Current selling ,I can see as just overbought condition sell off. The long term support is at the 50 DMA , which is at 1318 area. Some caution , some leaders are struggling but not in [...]