US Markets today: Volatile on tech earnings

Apr 23, 2014,( 9:18AM EDT )

Have you got your parachutes ready?

Because today, seat-belts won’t save you from volatile ride, only an exit will :)

41 index companies in U.S. markets will be coming out with their earnings today, including heavyweights like Apple and Facebook. Nasdaq is going to trader on rumors, speculations and maybe, on insider hints.

In short, traders are going to enjoy a highly “entertaining” day :)

Not that recent sessions have not been dramatic enough, but some days are better than others and today, important economic reports will add to the drama in U.S. markets.

At 10 AM EDT, New Home Sales numbers will arrive in markets, indicating the health-level of the economy. Currency markets are already in turmoil on euro zone economic data. Reports from the U.S. economy will only add to that.

U.S. stock futures have been trading negative since their opening during Asian markets’ trading hours. (as I had happily described earlier :))

We might see a flat or negative opening in U.S. markets today. But the session will be rife with speculation-induced heavy volatility. Keep an eye on Nasdaq, as it might lead the intra-day trend in U.S. markets today; either down or up.

Get ready to ride the roller-coaster :)

Have fun, enjoy the day, have a great session in markets today!

See you later.

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Indian markets today: Volatile, range bound

23 Apr, 2014 (9:00AM IST)

Dear traders in Indian markets, please go back to sleep for the next three weeks, till election results come out, because Indian equities are not going to make any significant move till then.

As we have seen in recent few sessions, Indian markets have been moving in smaller range every day, with high volatility, dipping down then going up and vice versa but not taking any trend.

Rupee has lost significantly is last three sessions and in normal times, Indian equities would have lost with INR too. But right now, market-whales are expecting wind-fall gains on their election bets (and election donations :) ) so markets are not showing any indication of correction.

This will continue till elections results are out. Majority of traders/ investors are waiting on the side lines and markets will remain range bound till next month.

Expect a volatile and range bound trading session in Indian markets once again. Nifty is range bound between 6800-6700. The index will continue to roam between these limits.

If you can, then enjoy the volatility in markets  :)

Have fun, have a great session in markets today!

See you later.

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World Markets Today: Volatile on economic reports



23 Apr, 2014, (8:56 AM IST)

Apr 22, 2014, (11:26 PM EDT )

The best time to sleep is, when the rest of the world is working :)

So I promptly fell asleep after the opening bell in U.S. markets half a day ago and put my brain-cells on recharge . (handling multiple business streams AND running a free show in stock markets can be exhaustive!)

Also, the best time to work is, when the rest of the world is sleeping :)

So I woke up after U.S. markets had rung their closing bells and gone to sleep. Two things worked like magic on my sleepy brain cells- U.S. stock futures had turned negative, and the chart of Dow Jones, that showed a quick running down just before the closing bell. The best “breakfast” a bear could have asked for :)  Take a look:

22_Apr_dow

Basically, Dow Jones had run down from its earlier high of the day and closed with the loss of almost -50 points, thus making a “top hammer” candlestick. This indicates that markets saw selling pressure at higher levels and traders were not interested in buying at those levels, an indication of lower trend in near future.

Same pattern was exhibited by S&P 500 and Nasdaq too.



Today, the action has shifted to currency markets with important economic data coming in from Asia and euro zone.

Australian dollar was earlier trading high on expectations of better consumer prices numbers, but that didn’t happen and the Aussie dollar crashed. Then came the Chinese Manufacturing data, with weak numbers. With these reports, Asian markets lost their earlier gains and turned negative. Nikkei is trading positive as their central bank governor promised easier monetary policy for the time being.

Later in the session, euro zone flash PMI numbers will be released and at that time, high volatility is expected in European markets.

Indian rupee has lost major ground against USD in the last two sessions (as I had been anticipating) and though the Indian equities continue to hang onto their higher levels, the ground is shifting below their feet and we might see a trend reversal after election results next month.

Expect a highly volatile session in world markets today. Watch your local currency’s trading pattern and trade accordingly.

Enjoy the weather, have fun, have a great session in markets today!

See you later.

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US Markets Today: Volatile, range bound session

Apr 22, 2014, (9:17AM EDT)

European markets have shot up today as trading –starved traders just gobbled up every stock in their way :)

But U.S. stock futures are not sharing their after-holiday enthusiasm, and have been swinging between red and green numbers through the session.

Same with the Dollar index, as markets wait for some important economic data later today.

Existing Home Sales numbers will hit markets at 10 AM EDT and markets are expected to remain subdued and range bound till then.

Right now, U.S. stock futures are trading with very slight gains, indicating an almost flat opening in these markets. Dow Jones and S&P 500 had shown the same feeble gains in their last session, so we might see a repeat of small gains- if economic data comes better. Nasdaq had gained quite a lot in its previous session and today, once again Nasdaq futures are trading with slightly better gains.

Expect a range bound and volatile session in U.S. markets today. Earnings will affect the intra-day trading pattern and it will remain unpredictable.

That’s all for now. Wait till 10 AM EDT, markets might take a clearer trend after economic reports are out.

Good luck, enjoy the session, have a great day in markets today!

See you later.

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Asian Markets Today: Trading mixed in slow session



18 Apr, 2014, (8:20 AM IST )

Apr 17, 2014, (10:50 PM EDT)

Most of the major global markets are closed today for Good Friday holiday, but major Asian markets like Japan. Mainland China, Hong Kong and South Korea are opened for trade, escaping the “bunny” :)

At the time of writing, Nikkei and Hang Seng were trading positive while Shanghai Composite Index was struggling with red numbers.

U.S. stock futures are also trading slightly negative, although it does not make any difference as U.S. markets will remain closed today.

Major European markets will also be closed today, and even on Monday for Easter holiday.

Currency and commodity markets are open for trade but U.S. bonds are on holiday. Most of the commodities, including precious metals and crude oil, are trading positive, while in currencies, both euro and the Dollar index are trading just below their previous closing levels.

SGX Nifty is trading with a gain of 15 points but again, this is of no importance as Indian markets will also remain closed today and India traders will be busy watching all that “election entertainment” :)

If I can come out of weekend lethargy, I’ll be back with weekly chart analysis some time in next  72 hours.

Till then, have fun, enjoy the weekend and don’t kill the ugly bunny :)

See you later!

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US Markets Today: Volatile session ahead

Apr 17, 2014, (update: 1:14pm EDT)

What? You are still hanging around here? Got nothing else to do or what?

:)

I thought everybody had fallen asleep by watching Dow Jones trade like a snail confined in a match-box. Looks like some traders are still wandering around on this site. Quite addictive are these stock markets, eh?

Addicted or not, markets have turned lazy before a long weekend, with low volumes and hardly any action. The Russian President is making more noises today than U.S. markets :)

Better go and read about him, nothing happening in U.S. markets anyway.



(Earlier : 9:33 AM EDT)

And Dow Jones opened in red!

No, I was not standing on my head, market-whales were, whose pockets have just been picked by quickly dropping U.S. markets :)

Told you to be careful :)

Enjoy!

(Earlier : 9:31AM EDT )

Tell you the truth, I have no clue, absolutely no clue why European markets and U.S. stock futures have rallied after the jobless claims numbers came lower than previous reports.

And the Dollar index is still depressed, trading negative even though the reports from labor markets have been good.

It should have been the other way round; equities should have dropped and USD should have rallied.

Am I standing on my head and watching markets and don’t know it?

:)

Might be. After so much work, so much market-watching, such high volatility in global markets- anything is possible :)

So, guys, expect U.S. markets to be highly volatile just like previous few sessions. There will be highs and lows, and markets might remain range bound after rallying in three sessions.

Dow Jones is trading near its resistance zone (16,450) and volumes have been low, so uncertain trading pattern and sudden movements in markets cannot be ruled out on this last trading session of the week.

In other words, watch your pockets, market-whales are lurking around to pick on those :)

Good luck, have fun, have a great session today!

See you later.

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Indian markets today: Volatile, on verge of breakdown

17 Apr, 2014 (9:09AM IST)

Back to our “drama queen of the week” in world markets :)

Indian markets have seen a steady exodus of money in last two sessions. Bears have been chomping down on indexes and stocks and today, Nifty might test its major support of 6650.

If the index closes below this level, a quicker lower trend might emerge next week. Markets are ignoring range bound rupee. Now is the “running time” for money-makers.

Let’s see how fast and in which direction this running takes place :)

Nifty will see resistance at yesterday’s high levels. That is between 6730-6750.

Before that, the first hurdle will be 6700 mark.

Lower – and major support is at 6650.

I’ll wait to see if this levels is broken today.

You can jump in the ring and thrash around- as usual :)

Good luck and  have fun!

See you later.

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World Markets Today: Profit booking after weekly rally?

17 Apr, 2014, (9:07 AM IST)

Apr 16, 2014,( 11:37pm EDT)

Are bears going to have a “Good Thursday” before world markets close their doors for Good Friday?

Looks like so :)

As major stock markets around the world will be closed for Good Friday tomorrow, the weekly jobs reports from the U.S. economy will be released today. Going by highly negative U.S. stock futures, it looks like traders are getting ready to book their profits for the week and take their money off the table before heading for a long weekend.

And what a week it has been! World markets ran up and Indian markets ran down, just opposite of the last week. Central banks kept the heat up in Europe and U.S., elections are creating frenzy in India. Life of traders is always very interesting, but this week the “entertainment” went a notch up J

As I had written in my last post about U.S. stock markets, Dow Jones stopped just below its major resistance concluding a 3-day rally. Today, U.S. markets will receive jobless claims and Philadelphia Manufacturing Index numbers.

As The Fed keeps reiterating importance of labor market, these reports will create a volatile and largely subdued trading pattern before their arrival.

If numbers are good, then the trend in U.S. markets might run back to negative. If not, then we might see another burst of energy in those markets.



Right now, in Asia the Bank of Japan is in focus as its Governor Kuroda has indicated an upward “trend” in Japanese economy. That reduces chance of further stimulus, making yen slightly positive and Nikkei, slightly negative.

Other Asian markets are also struggling with negative numbers.

SGX Nifty is showing some gains, but not very convincing numbers.

Expect a volatile and mostly negative trend in world markets today. Next week will tell whether this will be start of another negative phase or just a profit booking day in world markets.

Good luck, enjoy the fun, have a great day in markets today!

See you later.

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US Markets Today: Last day of rally?

Apr 16, 2014, (9:12AM EDT)

In the last two sessions, U.S. markets have followed similar pattern of first diving down and then rising up to close in positive, making a candlestick that looks like  a tadpole. (big tail with big head, looks like a tadpole to me, don’t know about you :) ).

Although such “tadpole sessions” indicate buyers coming in at lower levels, and defeating sellers to take markets higher; volumes in last two session have been LOWER than the volumes which accompanied the lower trend in U.S. markets before these two sessions.

What does all this gibberish mean?

To me it means, we might see a higher, positive opening in U.S. markets today, but this will mark the third day of gains and when such gain are not supported by volumes, usually the third day becomes a turn -around day for markets. That can happen in two ways:

1)  markets might become confined in a small range near opening levels and close in green but with smaller gains.

2) Or, markets will turn lower from the day’s high levels and close BELOW the day’s opening levels. This will create a negative candlestick on charts, making a lower high for indexes and signaling an end to this “rally within the bearish trend.”

There is a third possibility, which breaks my bearish heart :(

Markets will continue to rally :(

:)

I’ll go with first two possibilities, you can go whichever way you want.

Watch Dow Jones near 16,330-16,360 levels. If it closes past these levels, it will have 100 points more before hitting resistance near 16,450 levels.

The Fed chair Janet Yellen is again scheduled to make a public speech near mid-day. So markets might remain range bound till then after a positive opening.

Expect a volatile session in U.S. markets like the last couple of sessions. Market opening looks like to be on the positive side, the closing might not be so.

Good luck, have fun, have a great session in markets today!

See you later.

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Indian markets today: Are FIIs running away?

16 Apr, 2014 (9:13AM IST)

These markets have had a very “interesting” session yesterday. And by interesting, I mean intriguing.

As I had written yesterday, there had been a major opinion poll showing the main opposition, a right wing party,  gaining majority in ongoing general elections.

Indian markets, that have been rallying absurdly till now, suddenly crashed in yesterday’s opening hours. Even though rupee stayed range bound, Indian markets just crashed.

Today, for the first time in recent months, SGX Nifty is trading negative even though global markets are rallying.

Does this mean that the foreign institutional investors are taking their money out of Indian markets as they are worried about a right-wing party coming to power?

Today’s trading pattern in Nifty will confirm whether this is the reason behind yesterday’s sudden fall in Indian markets.

If Nifty continues to trade lower then we can expect a correction in Indian markets from these levels.

If Nifty recovers and becomes range bound between 6800-6700 levels, then only we can assume that markets are away from a correction.

A lower closing today, which looks more possible, will confirm that money has started to go out of Indian markets.

So keep your fingers crossed, watch the volatile action, have a great session in markets today!

See you later.

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