Market summary

Another up days in market and S&p almost hit 1000 today but didn't and pulled back hard. Nevertheless an up day is an up day but todays intraday reversal is cause of concern for bulls.
Especially last 1/2 hr fall on massive volume is really worrisome for bulls. Sectorwise steel and materials led while biotech closed red. Tommorow could be important to see if we break todays lows or not. We are seeing some bearish divergences in market internals too.
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Indian market summary

I will be also putting Indian market summaries as well as stocks to watch every day as I myself closely follow the markets in India.

Indian markets had a selloff on 7/29 as china sold off hard, the intraday decline was even worse but markets recovered some grounds later in the day. Indian markets are reaching their June highs a potential resistance on lower volume. To continue higher two things have to happen first ths resistance has to be taken out and then volume needs to come in.

I am watching the following stocks tomorrow for Indian markets:
TVSMOTOR(A buy around 60)
BRANDHOUSE(A buy around 30.5)
DCHL (A buy around 100)


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Market summary

Markets were mixed today with s&p in red and nasdaq in green. Things were very bad intraday but a late day rally brought market closer to unchanged level. With this small sell off markets tried to consolidates its recent run and work off its overbought conditions. Secttorwise biotechs rallied while oil stocks took a hit.

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Market summary

Markets rallied one more day today and have become extremely overbought by all measures but is showing no signs of giving up. Internals on this move are strong and any pullback should be shallow and could be opportunity to buy. Sector wise homebuilders and financials led the upside while oil/materials were red. Markets look a little tired and all sectors are not participating in this move.
To me it looks like momentum is waning and markets are driving up because of inertia and sooner or later we will get a pause.
Longs are to be taken with extreme caution and tight stops here and no, its not a time to short unless for a quick day trade etc.
Personally I had another good day in CBG and RAD as well PDLI and ABAT continued working from last week.
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Market summary

Market saw its first day of selling in nearly two weeks but was able to close in green on lighter volume. Markets are in clear bull mode for now. Sector wise materials were higher while financials/semis led to downside. Indexes are extended to upside and they need to work their overbought condition by correcting thru price or thru time. SPY is reaching its June resistance and has put a hangman today and bears may try to keep a lid there for next few sessions.
Shorting this market has to be fast and a quick day trade because trend and momentum is up.
Personally I didnt do a whole lot today and will wait for prudent entries
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Market summary

Markets rallied for one more day and extremely overbought conditions became even more overbought. Sector wise materials and homebuilders led the advance again while retailers and financials closed red. Q's again made a new high for the year and are clear leaders in this rally.
Tomorrow is options expiration and we could see some more volatility tomorrow. We are also very overbought short term which prompted me to take a short position in SPY thru SDS for a quick trade tomorrow. I suspect some weakness short term in couple of days.
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Market summary

Wow what a massive squeeze and strong movement in market based on Intel earnings last night. Market always amazes me from how soon sentiment changes from bearish last friday to suddenly extremely bullish today. The rise was on low volume nevertheless rise is a rise and price is king. Another divergence was that the VIX also rose which is not a good sign for bulls and we are sure in an overbought condition. I think things have started turning around to bullish side and this correction might just be over.
Looks like reflation trade is back with dollar taking a dive today while gold and other commodities rising along with crude oil. Sector wise even though news was bullish on Intel material and steel sector was the clear winner and as suspected healthcare biotechs were laggard.

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Market summary

We had another positive day in markets and bulls really are not letting this go away. I had mentioned that we are nearing some major resistances and I would look for weakness to short, but we never saw any weakness in markets. Infact I played today from long side, that is an another example of how a trader should throw away pre conceived biases and trade the market he got not what he wants.

After the close INTC looks like blew the numbers and is higher significantly after hours and dragging futures higher with it. Looks like we may have a signifcant decider move tomorrow either we close strong and kind of negate this correction we are having or we reverse big time and really setup a big top in markets. I am open for bothe scenarios and would not chase long side at open if we gap higher.
Sector wise with Intel news semis lead the advance followed by homebuilders while biotechs were laggard.
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Market summary

Markets had an impressive rally today, started by some upgrades on banks by Meredith Whitney. I think what took markets by surprise was one of the biggest bear turned suddenly bullish on banks short term. Technically we were due for a bounce and we got one but it was bigger than what lot of people had expected. Now we are approaching some major resistances on all the indexes and it wil lbe interesting to see if bears can hold the line or bulls take over. Tomorrow before the bell GS reports and that would provide shot in the arm to one side, either bulls or bears which will probably set the tone for the day. Sector wise financials /reits and retailers gained the most while energy stocks were laggards today.
Personally I would look for some kind of weakness tomorrow to short the markets as we might setup for some good shorts on R/R basis.

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Market summary

Markets had another mixed day on low volume today with no clear sense of direction. S&P Dow tad lower while NASDAQ tad higher. I see this as a consolidation phase as I had mentioned yesterday. We might see some more of it but after that there will be a big move coming either up or down we don't know but the daily trend is down so possibly to downside. Also next week is options expiration so I expect some wild swings with lot of reversals happening intraday as well on day to day basis. Sector wise Semis and transports were higher while agri/energy names were lower.
Personally I had two trades today SRS and BXP both winner and took AMN long. Watch for my next week's list on twitter over the weekend.
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Market summary

Markets were slightly up but mostly flat. It was expected that markets may remain neutral and consolidate a little bit here before trying to make a move again. Sector wise retailers
But clearly last three four days of sell off has broken lot of stocks and their uptrend and now its easier to find short setups. Sector wise retailers/reits were lower while home builders materials led higher. Retailers looked really week today from the open and may have more room to downside tomorrow.
Clearly lot of stocks have broken down now and short setups have started to appear. I have tweeted a list I will be watching tomorrow both long and short setups. Will post more if I find some.
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Market summary

Markets closed mixed today as we went in quite oversold conditions intraday and bounced from there to have a some what reversal day. Though not exactly a reversal day but a doji day, nevertheless some sign of selling exhaustion. I think we might consolidate here for a day or two before selling resumes. Sector wise retailers were higher while finaicials/oil were lower. I had mentioned yesterday that internals are not weakening with markets and we may see some kind of exhaustion today and we might have seen that.
Clearly markets tenor has changed and all rallies should be treated with suspicion and we should look for selling/shorting opportunities on rallies until there is none.

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Market summary

Markets sold off from get go though I was expecting some kind of consolidation today, but bears didnt want to rest as they had the ball and they ran hard with it.
Markets are at some very important support now especially SPY. Also internals are not getting any weaker so I am assuming this leg is overdone for now and needs to consolidate a bit. A good indication could come tomorrow at open if we gap lower and reverse quickly that could be a flush.
Intermediate term I think we go lower atleast till 83 on SPY.
Sector wise energy/ag commodities/oil got crushed today and healthcare was the only sector in green today.
Some longs still worked and I had a good trade in RT today.
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Market summary

Markets remained mixed today with dow s&p500 gaining while nasdaq composite losing some ground after big sell off on thursday last week. Oil/Energy/Materials took the brunt while reits had some gains. Markets are a little oversold now and may consoildate here a little bit but there could be some more weakness in the cards.
For a trade I sold puts in DBC DBA and XLE and wont mind being put away in them. I would be also stalking USO and UGA another 5-7% lower from here as well as adding to UNG another 6-8% lower from here.
Also an update on my SPY put verticals trade which I put couple of weeks ago, the trade is in green now and I plan to hold it a little longer.

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