Wednesday, September 3, 2014

Comparing Screens


@ manjunath, the top 25 performers are in the last column above. Most of them are leaders on the A and B screens. Point - leaders will continue to lead.

Tuesday, September 2, 2014

Interesting Stocks


M. Sumi breaks out!  I've been trading this stock since it was around 180. My recent re entry was near the 50 day average as explained in this post.  There are plenty of other stocks where I'm waiting for some pullback. Bharat Forge is one of them: The stock seems to be respecting the 20 day average:




Breadth


Breadth continues to expand. The % of stocks above the 10/20 day averages is around 66%.

Top 25 On Screen A


Here is an updated Screen A showing the top 25 stocks. Stocks with blue arrows are SPMM picks.

Additions to SPMM


From this weekend, two things are going to get added to the current SPMM structure - market breadth indicators and sectoral RS charts. This way, you will have a complete market monitor in your hands. For membership, drop me a line. Please type 'SPMM' and do give me your contact numbers. 

Breadth


Breadth is on track at this new level of 8k. Most of the stocks on my screen A are now way above their averages and basically I'm waiting for some pullback. 

Motherson Sumi nicely took support around the 50:


See this previous post on it. 

Monday, September 1, 2014

Nifty - 1000 to 8000


Today Nifty broke above the 8000 mark! Here is a monthly plot showing the 1k to 8k journey.

Saturday, August 30, 2014

Sector Performance / Breadth


Here's the sector performance for this week. The short and intermediate term breadth has dropped but is still above 50%:


Below is Nifty weekly plot - ready to break 8000!