US markets ended in red in yesterday's trade. Dow lost 154 points from previous close. The slide was significant since there was no real effort to recover from day's high during the entire trading session. That is not to say that all is lost and the slide has finally begun. Far from it.
In my previous post I had mentioned that Dow would gravitate into negative territory since it has reached the correction zone of 16600-16900. And yesterday we found Dow do exactly that. This situation should prevail till result of Stress Test of Eurozone banks are declared on Sunday. In other words we still have to endure selling bouts for two more trading sessions.
Today we may witness some bounce in Dow in initial trade. But in all likelihood this bounce will be sold into. 'Sell on Rise' may be the refrain in today's trade in US markets. The bigger question that begs an answer is whether consumer spending in the coming holiday season bring the much needed cheer to stock markets. Its a complicated situation mired in many 'ifs'.
Stay tuned to these pages and I will guide you through the noise and rumble of stock market movements. US markets are in focus for the present so that you do not make any cardinal mistake in trade in Indian markets. Before US markets are poised for their final move into the Bear Phase, I will announce the event so that stock market participants can exit Indian markets also. My focus on US markets will help in determining that day. Remember that crash into Bear Phase will be witnessed in tandem across all world markets.
Trust me to give you the call before the markets crash.
In my previous post I had mentioned that Dow would gravitate into negative territory since it has reached the correction zone of 16600-16900. And yesterday we found Dow do exactly that. This situation should prevail till result of Stress Test of Eurozone banks are declared on Sunday. In other words we still have to endure selling bouts for two more trading sessions.
Today we may witness some bounce in Dow in initial trade. But in all likelihood this bounce will be sold into. 'Sell on Rise' may be the refrain in today's trade in US markets. The bigger question that begs an answer is whether consumer spending in the coming holiday season bring the much needed cheer to stock markets. Its a complicated situation mired in many 'ifs'.
Stay tuned to these pages and I will guide you through the noise and rumble of stock market movements. US markets are in focus for the present so that you do not make any cardinal mistake in trade in Indian markets. Before US markets are poised for their final move into the Bear Phase, I will announce the event so that stock market participants can exit Indian markets also. My focus on US markets will help in determining that day. Remember that crash into Bear Phase will be witnessed in tandem across all world markets.
Trust me to give you the call before the markets crash.
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