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Tuesday, June 10, 2008

slaughtered

Proposed action for tomorrow's trade None
Today's action None
Famex 9684
News for today : 1 : Stocks closed mixed Monday, with Wall Street exhausted from last week's swoon and still nervous about the effect of bank losses and energy costs on the economy.
News for today : 2 : Sangeeta Purushottam of Religare Securities feels 2008 will be a turbulent year. "News flows are unlikely to reduce. There is limited downside as bad news is getting factored in."
Stock Barometer 3 volatile
Strategy for today : Hold to stocks
Quote for the day : Music video directors, who conceive, write and direct these works, enjoy no creative rights, receive no ongoing financial benefit from the sale of our work, and many times are not even credited.
Michael Apted

Monday, June 9, 2008

a new week. - a new hope?

Proposed action for tomorrow's trade None
Today's action None
Famex 10303
News for today : 1 : That economic rebound in the second half of the year so many experts have predicted -- including Federal Reserve Chairman Ben Bernanke himself -- is starting to look dicey.

Wall Street has just three weeks left until July starts, and signs of trouble keep surfacing.
News for today : 2 : Manishi Raychaudhuri, ED, UBS Securities, said the markets are trading around 15.5-16 times one-year forward earnings. "The markets has not fallen below 15 times earnings in past corrections. However, we see another 10% correction. The Sensex can go down to 14,000."
Stock Barometer 4 bad
Strategy for today : Hold to stocks
Quote for the day : It is unsound for an independent editor to be a financial contributor to any cause which would cause any type of special pleading.
Walter Annenberg

Saturday, June 7, 2008

worst falls

Proposed action for tomorrow's trade None
Today's action None
Famex 10303
News for today : 1 : Wall Street tumbled Friday, taking the Dow Jones industrials down nearly 400 points, on a pair of alarming economic developments: oil prices that shot up by more than $11 a barrel and approached $140 for the first time, and the biggest gain in the government's unemployment reading in more than 20 years
News for today : 2 : C Jayaram of Kotak Mahindra Bank is unsure how much pain is left in the markets. "The Sensex is seen trading between 14,500 and 17,500. It is unlikely to go much below the 14,000-14,500
Stock Barometer 4 bad
Strategy for today : Hold to stocks
Quote for the day : Pursuing your passion is fulfilling and leads to financial freedom.
Robert G. Allen

Friday, June 6, 2008

rising up further

Proposed action for tomorrow's trade None
Today's action None
Famex 10600
News for today : 1 : Wall Street surged Thursday as investors looked past a sharp rebound in oil prices and focused on comforting news about the economy -- better-than-expected retail sales and a drop in the number of laid-off workers seeking unemployment benefits.
News for today : 2 : Pathik Gandotra, MD and Head of Research, IDFC SSKI, said the markets are likely to remain lacklustre for the next few months. "We see a lot of headwinds on growth in the coming days. Global sentiment is not very sanguine about India now. We had scaled back our index targets and will cut it by another 7-8%. Our Sensex target is to be scaled down to 18,500-19,000 levels."
Stock Barometer 2 - up
Strategy for today : Hold to stocks
Quote for the day : Money is better than poverty, if only for financial reasons.
Woody Allen

Thursday, June 5, 2008

17% down

Proposed action for tomorrow's trade None
Today's action None
Famex 10549
News for today : 1 : Wall Street ended a wobbly session with a mixed performance Wednesday as concerns about the financial sector eroded enthusiasm over a decline in oil prices and a report that signaled modest growth in the service economy.
News for today : 2 : Sanju Verma, ED and Head of Institutional Business, HDFC Securities, said Nifty fell further as it broke below the strong support of 4,800. "The trend is likely to be weak, but the markets may not go back to March lows."
Stock Barometer 3 - volatile
Strategy for today : Hold to stocks
Quote for the day : It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
Daniel Akaka

Wednesday, June 4, 2008

rising up

Proposed action for tomorrow's trade
None
Today's action
None


Famex
11094


News for today : 1 :
Wall Street fell sharply for a second straight day Tuesday as investors grew more worried that the financial sector is still suffering badly from the credit crisis. The Dow Jones industrials dropped more than 100 points, bringing their two-day loss to 235.


News for today : 2 :
Rajen Shah of Angel Broking advised investors that 14,600 level on the Sensex would be a great time to jump into the market. He told CNBC-TV18 that at those levels, stocks will be much more compelling and attractive than they are right now.


Stock Barometer
3 - volatile


Strategy for today :
Hold to stocks


Quote for the day :
"It is not the employer who pays the wages; he only handles the money. It is the product that pays the wages." Henry Ford

Tuesday, June 3, 2008

drowning

Proposed action for tomorrow's trade None
Today's action None
Famex 10760
News for today : 1 : Wall Street retreated Monday on more signs of economic weakness and executive shake-ups at two major banks -- reminders of the ongoing fallout from the credit crisis. The Dow Jones industrial average fell more than 130 points.
News for today : 2 : Ajay Loganadan, Head of Investment Advisory Group, HSBC Private Banking, said high inflation is one of the main concerns for the market. "FIIs are not comfortable with the trade deficit numbers. Foreign fund outflows are over USD 1 billion in the last fortnight. If FII outflows continue, markets could hit January lows."
Stock Barometer 3 - bad
Strategy for today : Hold to stocks
Quote for the day : Women prefer men who have something tender about them - especially the legal kind. ~Kay Ingram