George Albert
Read biographyGeorge Albert is a Chicago-based trend watcher and edits www.capturetrends.com
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Nifty breakdown confirms bear market; coming next – 4,800
The Sensex and Nifty finally broke below their key support levels to confirm a medium-term bear market in the week ended 11 May. The next down targets seem to be the 16,000 and 4,800 levels respectively. There are, however, a few hurdles that the bears have to clear before hitting #Chart View #nifty #Sensex
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Sensex, rupee at crucial levels; is it break or bounce?
The Sensex and the rupee are at critical breakdown levels after the stock market fell on Friday and the rupee was retesting its previous lows against the US dollar. The drop in the US equity markets on Friday might provide another downward nudge to Indian equities and the dollar rally #Chart View #nifty #rupee-dollar #Sensex
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Markets shrug off S&P rating: Smart money already knew it
The Indian equity markets and the rupee shrugged off Standard and Poor's downgrade with the currency pausing its depreciation and stocks falling only marginally. One would have expected the stock market and the rupee to fall sharply given the downgrade, but no such thing happened. S&P is generally behind the curve #BSE Sensex #Chart View #Rupee #S&P #Sensex #US Dollar-Rupee
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Sensex in bearish mode, could lose 1000-1500 points
The BSE Sensex is on the cusp of another round of bearishness which could lead to fall of anywhere between 1000 to 1500 points depending on the strength of the bear. The chart of the Sensex is forming a bearish chart pattern called the descending triangle. The Nifty too is forming #MarketWatch #nifty #Sensex
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Dr Subbarao, easy money isn’t the answer. Stand firm
The movie Ironclad shows how an army of fighters led by a Knight Templar defends the Rochester Castle in Canterbury against King John who wants to reimpose his arbitrary rule on Englishmen by throwing out the Magna Carta. The Magna Carta signed by King John granted equal rights to all Englishmen #Chart View #Duvvuri Subbarao #Inflation #Money supply #RBI
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Gold is in pause mode: 2012 may not see decisive moves
The long term rally in gold may be in for a substantial period of consolidation if past price action of the precious metal is anything to go by. Based on the chart, gold can continue to consolidate for more than a year. The last time gold had a major correction was #Gold #Inflation #ThisisNext #United States dollar
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US bond action has negative impact for rupee-dollar rate
The US treasury market is a slumbering giant, but once it begins to move there is an extremely strong impact on all financial assets such as equities, commodities and currencies. Over the past few days, 10-year and 30-year treasuries fell strongly, signalling investors to be cautious. The 30-year US treasury bond #ChartView #Rupee #stocks #US Dollar #US Treasuries
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Precious metals fall on dollar rally
Gold hit a resistance zone last week and fell over six percent in a day before recovering, but silver confounded traders falling nearly 10% after giving a bullish signal. In our article on 28 January, we had mentioned that it was time to go short on gold. (Click here #ChartView #Gold #S&P 500 #silver
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Silver faces last hurdle before blast off, but there’s a caveat
Silver has reached a key level beyond which it can rally strongly, but an inability to clear the area can lead to a selloff. This is a critical juncture for the white metal and bulls should buy only if the level is crossed. Silver prices are at a resistance zone and #ChartView #silver
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If it isn’t copper-bottomed, can stock rally be for real?
There is rejoicing in the equity markets. Global equity indices are rallying strongly, spreading euphoria among traders and investors. Then why is copper falling? Copper often leads the equity market and a rally in equities without copper is suspect. Copper peaked on 9 February and has since lost 7.5 percent. On #Chart View #Copper index #nifty #S&P500