Month: August 2013

26 Aug, 2013

Sensex expected to move up

  Sensex closed at 18519.44, a fall of 79 points as compared to a fall of 191 points in the previous week. In the weekly chart below, we see that Sensex is respecting the support region as shown at 1, 2, 3 & 4. Sensex has, between the lines L1 & L2, executed a rectangular […]
Sensex Aug 16, weekly close
18 Aug, 2013

  Sensex closed at 18598.18, a fall of 191 points as compared to a fall of 375 points in the previous week. In the weekly chart below, we see that Sensex is respecting the support region as shown at 2,3,4,5 & 6. Sensex this week has executed a pullback to the trendline L2 at 7, […]
13 Aug, 2013

Weakening US market internals

  US markets have been leading the rally in the developed world this year. The Dow Jones hasbelleza.com oregon cabbage hill web cam Index is up approx. 18% since Dec 31, 2012. It is now showing signs of weakness, as reflected in its momentum indicators. In particular, we observe that Price Oscillator has cut downwards […]

India’s Fear of Growth

By Clive Crook – Aug 8, 2013 Congratulations to India for appointing Raghuram Rajan as the new governor of its central bank. It would be hard to think of anybody better qualified — not even Janet Yellen. But condolences to India for the news that monetary and financial policies aren’t the main obstacles to its prosperity. The economy needs better management, […]