May 17 Market Tips (US)

DHI: I really hate to miss out this good shorting opportunity. This one is on radar since last 3 days and I am chasing my tail to catch this one. It has been fustrating situation. Lets give it a try once again.....

This one has dropeed significantly yesterday..... I don't like to chase the stock so I may try to short it at  16.65 or 17.07 or 16.44 (very little here) then have stop at 17.22 or 17.55 and cover at 14.80

SFLY: Looks ready for shorting in my book...... Short above 25.75 with stop at 26.88 and may cover it at 22.48

ROST is in my watch list...... I am waiting for the big supply for this one to fall...... it may not even get a  supply so I am not taking risk......

DFS

XLY short at 44.22 or 43.50 and cover at 40.5

LPX is also shorting candidate...... on any high

May 16 Market Tips (US)

DHI:  Despite having a strong home sales number yesterday, this stock didn't go up... but it gapped up and then came down that shows that it has been having difficulty attacting demand  in the market. Also market is not helping the situation, it has been going down like there is not tomorrow....

This stock is against the long time resistance...... in this current situation.... it looks like good probability to short this one at the top .....
Good shorting price seems to be at 17.76 or 17.35 and stop at 18.65 and cover at
SFLY: Looks ready for shorting in my book......
Short above 25.75 with stop at 26.88 and may cover it at 22.48

May 15 Market Tips (US)

Cab: It has been in a strong uptrend and recently came across huge supply and this may be temporary but if they get any more supply, they can fall very hard.....

short at 37.18 with stop at 39

DHI: This is another one looks weak but looking at the todays housing data this may go higher..... will wait and see if we can see any more weakness in future....

May 14 Market Tips (US)

SFLY: Good candidate to short at 26 with stop above 27......

TEO is creating a trading range here..... at this point, I am not interested in this one..... So far I see that it is just checking the bottom of May 4 but not really push for selling.... This can be our base.... but we don't know until next couple of days action.....

SLE: Looks little weak here.... looking at the markets condition, this looks to be a good shorting candidate....

short at 21.44 with stop at 22.10 looking at my P&F chart..... I think this stock can go down till 18

May 14 Market Analysis (US)

Market is still in the down trend.Yesterday we had a close below the 1341 suport area. Looking at the negative movement in the market and negative breadth in this market,  S&P may check the 1290 level before making any reverse move.  If this happens, it will take couple of months for market to recover. Recovery is not a overnight process.  It needs enough time to attract the buyers and create a strong base before market rallies again.

That being said, I still expect little bounces in this market and then create a trading range. After we have sufficient base in S&P, we will see accumulation phase being prepared and then we should see major rally in the market.

In the process, we may hit by some bad economical news and market may go down again but I would imagine that this is not a good time to think about long positions.

I am only intereted in shorting positions until I see some based being formed in the market......

May 14 Market Tips (NSE)

IDFC: Been in heavy down fall since mid February. Temporary found the support here ....

Shorting at 126 - 123 with stop at 130 and cover at 110.

May 11 Market Tips (US)

SFLY: This one has dropped around 25% in last two weeks and came back to its old support level.  Before its usuall upside move, this stocks usually shows no volume days and suddenly when there is not volume movement it moves like a rocket. It happened twice in last couple of months and usually that is very common behavior in this market.  Very low volatility situation in the market is followed by a fast price move in either direction. 

I will give this stock some time to settle down but meanwhile have my buy order ready at 25.90.

I will review this stock daily to see how it behaves and will try to time the best possible entry .....

LSI: This looks good for shorting here.... High volume went down, came back up to test the demand and when dropped back on May 3 now trying to comback to test the previous support area with low volume..... I think this can be a good shorting candidate

Short at 7.94 with stop at 8.34........  I may start with my 1/4th position and then will add more latter if I see any good sign....

May 8 Market Tips (NSE)

Arvind- Short arvind at 90.64 with stop at 97.... one can start with small order and they may pile up the order as we get confirmation....


CESC: looks very good for shorting as well

May 8 Market Analysis (NSE)

It looks to me that we are looking for much lower price in the market. My initial expection that market will make much higher move, doesn't seem to be the case. I would be looking for different ways to get out of my long positions......... currently I am out of everything but this is not a good market to be in.......

Everytime market goes up, it comes right back down with out any hesitation.....

Looking at my P&F chart, we may be looking at the much much ,lower price may be in the region of 4400 -4600

May 7 Market Tips (US)

TEO: still looking good for me it hit my stop earlier last week and now I am back on this one.... this looks good based on volume it is getting. May add little more at 14.......

LSI: Doesn't look good here.... this may be going down the hill from here or may consolidate around here


SQNM looks good for shorting at 5.33


INSP may be settling down here but until i see volume,  I don't want to be trader in this one

MGAM: Lets see how much pullback we will have in this one....

SFLY: Looks to be at the good price here but same as MGAM.... will give it some time to pullback

May 7 Market Analysis (US)

S&P has become a range bound market. There is a lot of weakness. I am really surprised, after such a huge selling, we don't see heavy follow through in the price. It seems to be lots of investors are having strong bullish mindset and they don't want to be selling in this down moves.

I still believe if S&P cross 1345 level, it may have rapid down move in this market.

Not a good market to have highly invested.....

May 7 Market Tips (NSE)S

Looking at the confusing situation, lets look at the one possible trade

SYNDIBank (syndicate bank): Banks looks to be on fire and we should participate in some short term action...... huge volume went on to bank in last one week.....

I like this one based on the interest it attracted today...

good entry price between 98.62 - 95.37 with stop at 90.90 and target at 115 or 119......

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May 7 Market Analysis (NSE)

Pure technical perspective,  Nifty is falling into strong bearish setup. This is soo bearish that it may hit the 4400 from here..... But I like to wait for the bearish test before we can think about taking major bearish position with the market.

Breadth is supporting negative outlook of the market.  Yesterdays jump was not as strong as fridays free down fall.  If we get weak push up from here, it may be a weak test and market can become very bad and can have another free fall from here..... and this one will end up much strong down move than first one, which started on Feb 22nd.

THis is not a good market to take higher rish and I would strongly suggest to be in heavy cash

One idea is to short Nifty at 5137 and 5168 stop..... or wait till tomorrows close and make decision

May 1 Market Analysis (US)

S&P had a big push in the earlier session to touch the 2012 highest price. But due to lack of demand that big push didn't sustain and market lost 50% of its gain by afternoon. With the Europe in this situation and market lacking demand is little worry point. 

My long term market breadth indicator is showing me buy signal but I am not too sure about it we are lacking demand in this stage.....

I am currently holding both long and short positions with tight stops..... 

May 1 Market Tips (US)

SFLY: this gave me a huge profit yesterday.... on bounce my sell order was triggered and It again gave me good % profit.....May be I will add more at 29.20... but wait and see the signal at that time....

DDR is a good short here......17.07

Hog can be shorted here at 53.80

TEO went otherside of the market..... I will honor my stops and wait for another better signal to add another position....

INSP: I will hold of on this one....till I get better signal