Directional Bias for the Day: S&P Futures are lower at 9:00 AM – moving down since 7:15 AM – down more than 15 points; at a support level around 4767.500. The odds are for a down day – watch for a break above 4785.25 for a change of sentiments. The major economic data reports that…
The tech bellwether, Intel has had some tough trading days in the last few weeks. In My 2012, INTC made an eight year high of 29.27. Since then it has been downhill for the semiconductor behemoth. First, the news came in August that Warren Buffet’s Berkshire Hathaway had dropped its Intel stake. Berkshire shed all…
EWI’s new eBook helps you identify trading opportunities Elliott waves often correct in terms of Fibonacci ratios. The following article, adapted from the eBook How You Can Use Fibonacci to Improve Your Trading, explains what you can expect when a market begins a corrective phase. Learn how you can read the entire 14-page eBook below.…
Small cap Russell 200 Index ($RUT) is very precariously positioned. At the moment it is flirting with the neck line break of a potential Head & Shoulder pattern. The left shoulder of the pattern was formed at 833.02 in early Feb and then in mid-Feb – making a double left shoulder. The head of the…
In recent times, one of the flight-to-safety trade in currency markets has been USD/JPY. When the market uncertainty goes up, JPY goes up against USD. USD made an all time low of 75.57 on October 31, 2011. It again came down to within 50 PIPs of this low in early Feb ’12 before rising up to 84.178…
It’s about time too. Infosys (INFY) is one of the bellwether IT companies of India. It is seeking European acquisitions to lift its value. Infosys, whose $4 billion cash pile is the biggest among India’s computer-services providers, said last month it’s looking for a European deal after its annual sales forecast trailed analysts’ estimates. ……
Some very good strategists are turning bullish on the Chinese market. “China’s longest bear market since 2005 is ending as government efforts to bolster the economy spur a rally in stocks, say the strategists whose buy recommendations two years ago preceded a 34 percent gain in the Shanghai Composite Index.” From a high of 6429…
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