George Albert
Read biographyGeorge Albert is a Chicago-based trend watcher and edits www.capturetrends.com
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US markets catching up: the Nifty could still go places
Goliath is finally catching up with David. The biggest equity market in the world - the US - is finally catching up with the much smaller Indian stock bazaar. The journey of both markets to these near all-time-high levels has been interesting with the Indian market rallying despite tight money #Chart View #nifty #S&P 500 #Sensex
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Sensex inches out: A 500-point rise should be possible
The Sensex inched higher out of a key resistance, following the Nifty, which had already cleared its resistance a couple of weeks ago. This clears the way for a potential 500-point rise in the Sensex to 20,500 and the Nifty can reach 6,150. Resistance areas are where the supply of stocks #ChartView #nifty #S&P500 #Sensex 20K
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Two to tango: Nifty ready to rally, Sensex says not yet
Nifty broke out of its resistance zone this week and is ready to rally, but Sensex is held back at the oversupply level unable to go higher. The market needs two to tango and the Sensex has yet to step on to the dance floor. Resistance zones are areas where the #ChartView #market rally #nifty #Sensex
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Autos bullish – but think Bajaj, not Hero; M&M, not Tata
The broad market indexes – the Nifty and the Sensex - are not doing much of anything as they cling to the resistance zone. So we thought we'd step back and take a long term look at the auto sector, which is very bullish right now. Readers of this column who #Ashok Leyland #Auto stocks #Bajaj Auto #Chart View #Hero MotoCorp #M&M #Maruti #nifty #Tata Motors
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Gold is ready to take off again, and this time banks will drive it
Gold looks poised for another run after a period of consolidation and the rules set by the Basel Committee on Banking Supervision could provide additional fuel to the bulls. This forecast is based on the past behaviour of gold prices at a technical level and the tailwinds that the Basel rules #Basel III #Chart View #Gold #Gold prices #nifty
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Case for Nifty bulls is not clear; index is weaker than US S&P
Nifty's bounce has slowed at a resistance level and is weaker than the global indices, which had strong rallies this week. However, the Nifty can continue its march up if the resistance level is cleared and it follows the global indices on Monday. In last week's article we had said that #Chart View #nifty #S&P
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Bears, take a breather; but keep an eye on US market
There is hope on the horizon for bulls after a relentless sell-off last week, prompted by the re-election of Barack Obama as the US President and his continued rhetoric about raising additional taxes of $1.6 trillion over the next 10 years. Even though Obama has claimed that taxes will be raised #"Fiscal Cliff" #ChartView #nifty #S&P 500 #US Dollar-Rupee
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Chart: Global markets vote down US poll results
Last Tuesday Americans voted with their ballots. The next day the global equity markets voted with their money and the outcome was ugly. The markets sold off as we had predicted in last week's column. Obama supporters say he got the American people's mandate. Republican supporters disagree pointing to the #"Fiscal Cliff" #ChartView #global markets #India #nifty #Obama #Romney #US
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If you are a bull, you should pray for a Romney win
Traders and investors across the globe will be closely watching the US Presidential elections on Tuesday to brace for its impact on the stock markets. Presidential election outcomes generally don't change an existing market trend, but this time could be different. President Obama's stated policies will plant a gut punch to #ChartView #nifty #Obama-Romney #S&P500 #US Dollar
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Nifty hammering away at support; global cues weak
The Nifty lost its bullish power and is now back at support by not catching a significant bounce. On the contrary, the index is hammering away at support, which is weakening that level, making it more susceptible to a breakdown. Support levels are areas where demand exceeds supply, leading to a #ChartView #nifty #Sensex