Bull Until Proven Otherwise The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. The index has been holding up pretty well despite the record setting Covid-19 outbreak. Now, the new game in the town is the old game of...
Consolidation Mode? The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. It is yet to be seen if it is a sustainable move or if it is a speculative spike, despite the close near the week’s top on Friday....
Peak after Peak? The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. It is yet to be seen if it is a sustainable move or if it is a speculative spike, despite the close near the week’s top on...
Happily Loved Ever After? The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. It is yet to be seen if it is a sustainable move or if it is a speculative spike. Staying above the 3600 level for the...
Continued Record Highs! The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures, with a dash of stimulus hopes. It is yet to be seen if it is a sustainable move or if it is a speculative spike. Staying above the 3600 level for the weekly (more…)
Precarious Moves The current move up has been powered by the optimism about vaccine as well as the lowered political temperatures. It is yet to be seen if it is a sustainable move or if it is a temporary spike. Staying above the 3600 level for the weekly close will be the key. Read below...
First-of-month Flows Propping Up? Since Monday three weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last three weeks’ price action in the index adhered to that theme. Since the first-of-month flows could be feeding...
Breakout Test Today Since Monday three weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last three weeks’ price action in the index adhered to that theme. With the index breaking above the 3600 level (more…)
Range Breakout Today? Since Monday two weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last two weeks’ price action in the index adhered to that theme. With the index breaking above the 3600 level (more…)
Range-bound Volatility? Since Monday two weeks back (11/09), our theme has been: “That key level, 3555, would continue to be the battleground until the index registers a daily close above 3600 or below 3500”. Last two weeks’ price action in the index adhered to that theme. With the index back in the vicinity of the (more…)
