Wednesday, July 14, 2010

America goes up on Intel, India goes up inspite of Infosys

Strong Intel earnings sent the global markets to otbit. The bears were slaughtered. But, what about earnings in India? Infosys did not give much promise, yet Indian markets have followed the world by moving up.

The American and European markets have been reacting to good news by going up and bad news by going down. In India, "All the news is good news". This is what happens in bull markets. We are in such a market.

What is likely to happen? Well, in uptrending markets, prices go up, as has been happening in India. The markets will see a correction - this is inevitable, but we do not know, when and how.

Meanwhile,

BP decides to wait for a few more days before taking new steps to close the well.

Moody's downgraded Portugal debt, but Euro was almost unchanged, above 1.27

Gold has performed as well as the S&P, adjusted for inflation. Here is a chart that says so.

2 comments:

kk said...

RESPECTED SIR
AMERICA GOES UP ON INTEL, WE WENT UP INSPITE OF INFOSYS . THAT ONLY MEANS MARKETS WANTS TO MOVE INSPITE OF ANYTHING.

ONE DAY, WHEN THE MARKET IS QUIET , INFOSYS TAKES IT HIGHER, OTHER DAY WHEN THE INFOSYS BREAKS DOWN , RELIANCE HAS TO COME UP.

THANKS FOR THE CHART, SIR , IT PROVES THAT GOLD IS ONE OF THE BEST INDICATORS TO IDENTIFY THE STOCK MARKET CYCLES.

ANAS said...

RESPECTED SIR, Its me again. I am in a deep delimma , after much thought , I finally concluded that this is the BEST place(BLESSED WITH YOUR GUIDANCE) to discuss my problem ...

The problem is, that two differant service providers, are showing differant numbers for the same indicator.

example., on NIFTY EOD CHARTS
A is showing ADX(14) above 41
B is showing ADX(14) below 22.

now, these two readings do create enough confusion as the former is showing a strong trend , and the latter is showing the trend is beginning to strength.

Now, The question is as , how to find out wether which one is correct.

Thanks for staying in touchn with us.
ANAS ELIAS BATLA.