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Urgent Update – 23rd November 2011

Savio Rodrigues — Wed, 23 Nov 2011 14:27:18 +0000

Hi friends,

The Nifty is likely to form a short term bottom between 4400-4580. This is based on the length of the pullback wave on the daily chart. Short term investors can look to buy at those levels for a Santa Clause rally.

Happy Trading!!

Savio

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The Global Market Trader Weekly Update – 20th November 2011

Savio Rodrigues — Sun, 20 Nov 2011 19:08:36 +0000

HI friends,

While the retracement in the Dow and European markets has been more or less in line with expectations the retracement in the Indian market has been a bit severe and has raised a doubt on the double bottom formation made in September. While the Dow and European markets retrace a bit more in the [...]

The GLobal Market Trader Weekly Update – 13th November 2011

Savio Rodrigues — Sun, 13 Nov 2011 16:44:34 +0000

Hi friends,

Back after a short break. As has been my earlier view, US and European equity markets continue to be in a bear market rally. The rally will have its share of retracements but slowly and steadily investors are getting back to stocks. Long only funds have also started buying. This is exactly what the [...]

The Global Market Trader Weekly Update – 23rd October 2011

Savio Rodrigues — Sun, 23 Oct 2011 19:07:49 +0000

Hi Friends,

Great close to the week for the US markets. There were retracements during the week but eventually the markets closed higher. Now this is no surprise as we move into the last stage of the bear market. As I have maintained and continue with my overall view that the Dow and the Dax are [...]

The Global Market Trader Weekly Update – 16th October 2011

Savio Rodrigues — Sun, 16 Oct 2011 16:32:28 +0000

Hi friends,

The week was a stunning week and more of a decider week for the next 2 months. We can now safely conclude that the markets have a short term bottom in place. The Dow and the Dax made lower lows and then created a massive impulse wave indicating that it is headed higher in [...]

The Global Market Trader Weekly Update – 9th October 2011

Savio Rodrigues — Sun, 09 Oct 2011 17:55:46 +0000

Hi Friends,

The week was in line with expectation. Most indices tested their support levels and bounced back. The bounce back was supported by some good news. The Bank of England launched a second round of quantitative easing, pledging to buy a bigger-than-expected 75 billion pounds of assets with new money. The European Central Bank followed [...]

The Global Market Trader Weekly Update – 2nd October 2011

Savio Rodrigues — Mon, 03 Oct 2011 05:28:25 +0000

Hi friends,

The week was more or less in line with expectations. The US markets first staged a pullback and then resumed their downtrend. The pull back was in anticipation of the European Bailout plan which was to be voted by Germany. Since Slovenia is yet to vote on the Plan on 11th October and there [...]

The Global Market Trader Weekly Update – 25th September 2011

Savio Rodrigues — Sun, 25 Sep 2011 16:35:54 +0000

Hi friends,

The FOMC proved to be the trigger for a massive sell off in global equity, metals, and commodities. Practically everything pegged against the dollar. But the “Operation Twist” was known to the market wasn’t it? Then what was it that caused the massive sell off? Were Mr Bernanke’s statements about the global economy under [...]

The Global Market Trader Weekly Update – 18th September 2011

Savio Rodrigues — Sun, 18 Sep 2011 16:18:07 +0000

Hi friends,

The week panned out as expected. Most levels of asset classes and currencies covered in the previous update were tested and as expected markets bounced back from those critical levels. For the next week all eyes will be on the FOMC meeting where market participants would be looking at some kind of stimulus measures. [...]

The Global Market Trader Weekly Update – 12th September 2011

Savio Rodrigues — Sun, 11 Sep 2011 18:15:24 +0000

Hi friends,

The week panned out well except for Friday where Global markets saw a sell-off in risk assets. The dollar gained strength on account of a very weak EURO and the GBP also went down in line with the EURO. Gold in a trading range and remains on course to $2000.Market Volatility has increased and [...]

The Global Market Trader Weekly Update – 4th September 2011

Savio Rodrigues — Sun, 04 Sep 2011 16:15:36 +0000

Hi friends,I did not find the time for last week’s update although I did intimate some of my close friends about the week’s prospects through mail or chat. Almost all instruments covered in the last update behaved in similar way. Gold retraced to the figure of 1710$ and retraced. Nifty reacted around 4710 and then [...]

The Global Market Trader Weekly Update – 21st August 2011

Savio Rodrigues — Sun, 21 Aug 2011 18:34:53 +0000

Hi friends,

Equity Markets selloffs continue with hardly any pullbacks. Last week the S&P500 was depicting signs of a pullback to 1250 but the pullback lasted just around 1210 before another round of sell off. The scenario was similar across global equity markets. Tensions of a global recession have begun resurfacing. Gold continues to move northwards [...]

The Global Market Trader Weekly Update – 14th August 2011

Savio Rodrigues — Sun, 14 Aug 2011 18:06:44 +0000

Hi friends,

Wishing all my Indian friends a Very Happy Independence Day!!! As expected the Dow and S&P500 staged a minor pullback. Rumours continue to plague markets. The recent one being the downgrade of France. This led to the ban on short selling European shares which aided the pullback in European shares too. Gold made a [...]

Superstar Trader Savio’s Weekly Global Market Update – 7th August 2011

Savio Rodrigues — Sun, 07 Aug 2011 18:05:48 +0000

Hi Friends,

Last week saw a reasonable decline in US indices as well as global indices. Well actually it was a global sell off. Once the 12000 level gave way the fall was inevitable. Concerns of a double dip recession have again been discussed on all channels. But readers of this weekly update already know all [...]

Superstar Trader Savio’s Weekly Global Market Update- 31st July 2011

Savio Rodrigues — Sun, 31 Jul 2011 16:46:17 +0000

Hi friends,

It is a very important week ahead. The main event is the US debt ceiling deadline on 2nd August.The moot question is will the deadline be extended on the basis of an actual plan or will the US be declared a defaulter which could see it losing its credit rating. I had been mentioning [...]