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Saturday, May 17, 2008

crossed 100 again (aiming 103)

Proposed action for tomorrow's trade None
Today's action None
Famex 12751
News for today : 1 : Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.
News for today : 2 : Jyoti Vaswani, Assistant Director, Fund Management, Aviva Life, said the markets are in a consolidation phase. "A correction was overdue after the rally." He feels there is a possibility that markets will re-test its January lows.
Stock Barometer 3 - volatile
Strategy for today : Wait for a fortnight. We should expect Famex to reach 103 today. (already reached 101)
Quote for the day : Those who are unwilling to invest in the future haven't earned one. ~H.W. Lewis, Technological Risk, 1990

Wednesday, May 14, 2008

could not sell BASF

Proposed action for tomorrow's trade None
Today's action Sell BASF
Famex 12271
News for today : 1 : Wall Street turned in a mixed performance Tuesday after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse.
News for today : 2 : Jyoti Vaswani, Assistant Director, Fund Management, Aviva Life, said the markets are in a consolidation phase. "A correction was overdue after the rally." He feels there is a possibility that markets will re-test its January lows.
Stock Barometer 3 - volatile
Strategy for today : Wait for a fortnight. We should expect Famex to reach 102 today.
Quote for the day : By the time I have money to burn, my fire will have burnt out. ~Author Unknown

Tuesday, May 13, 2008

time to gain

Proposed action for tomorrow's trade None
Today's action Sell BASF
Famex 12430
News for today : 1 : Wall Street rallied Monday as oil prices fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials gained 130 points.
News for today : 2 : Jordan Kotick, Head-Global Technical Strategy, Barclays Capital, said there is nothing exciting about India. "Other markets look more attractive. The Nifty is likely to be in a plus or minus 200-points range in the near-term and in a consolidation building phase for the short-term."
Stock Barometer 2 - up
Strategy for today : Wait for a fortnight. We should expect Famex to reach 102 today.
Quote for the day : If the nation's economists were laid end to end, they would point in all directions. ~Arthur H. Motley

Sunday, May 11, 2008

all in stocks

Proposed action for tomorrow's trade None
Today's action None
Famex 12144
News for today : 1 : Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
News for today : 2 : Robert Parker, Vice Chairman, Credit Suisse Asset Management, said the markets will recover by year-end, but will be volatile in May-June.
Stock Barometer 3 - down
Strategy for today : Wait for a fortnight
Quote for the day : Wealth - any income that is at least one hundred dollars more a year than the income of one's wife's sister's husband. ~H.L. Mencken