Monday, December 9, 2013
Saturday, December 7, 2013
Thursday, December 5, 2013
In spite of a big gap today, not all sectors participated. Only two sectors did well today - Banks and Capital Goods. The index also got sold off after the gap up resulting in a shooting star candle on the EOD chart:
Below are today's top gainers:
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Wednesday, December 4, 2013
Tuesday, December 3, 2013
Another inside day today. Again, we need to see a break above yesterday's high or low. Since the price has closed above the upper half of yesterday's range, an upward breakout is more likely.
There is a range contraction going on and intraday trades will be difficult. The high low range is totally squeezed out:
These are my last days of blogging and I'm gonna shut shop by December end or maybe earlier.
Monday, December 2, 2013
Saturday, November 30, 2013
This is a YTD sector performance. As usual, the Y axis shows the % gain of each sector. On this time frame, IT leads at +48% followed by Health Care and FMCG at +16.8% and 11% respectively.
Now we will see what's happening on a month to date scale:
Here, the Capital Goods sector is up 10.5% so something is happening in this sector.
My process of stock selection is top down: find the strong sectors and find the strong stocks in these sectors and then check out the charts, the 50/200 pair etc and then narrow down to a few stocks and boom!