Market summary

Markets had another positive day today but another reversal on the top with doji on most indexes. This market is finding it hard to press on and its reversing on bullish news as well.
Retailers were the leaders today while energy lagged,Internals were also not that strong today and we could be due for a pull back now.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

Markets had a pullback day today with major indexes closing almost flat for the day on lower volume. Oil and energy stocks were higher while retailers/semis were the loser for the day.
Oil stocks are starting to rise after consolidating while semis have started consolidating. Semis led us out of this bottom in march and they are a little weak now and this rally is not firing on all cylinders, a cause for concern. Internals are also diverging on the price highs we are seeing so often on indexes recently.
Its been a stock pickers market and right stocks are doing very good my swing play from last week $BCRX rose 26% today, and if you are in the right stock gains are still coming in bulk. For more picks like $BCRX follow me on twitter.
Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

Another fresh highs for indexes today as markets retraced completely its sell off on Monday what a difference 5 days ca make. On Monday it looked like that we were heading towards a deeper correction and on Friday we are sitting on new highs. That's why options week are very volatile, on Monday put holders got rid of their position and on Friday call holders got their chance. Sector wise oil , home builders materials were the biggest gainers while bio techs and Chinese etf lagged.
Non confirmation by Chinese market is a divergence because for last two years Chinese market is leading US market.
I will post some charts for next week and my list for next week over the weekend on twitter.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

Markets had another positive day. This morning pre open we were down on back off another big drop in asian markets overnite especially on Shanghai index. But right at open markets started to gain traction and kep on climbing barrin a small sell off an hour before the close. A/d line was weak but went positive at 11CST. The rise was led by oil sector while finacials and cre's lagged all day.

Personally, I had a very good day today and if you followed me, you would have made some big gains today.

Todays action may lead us to further upside tomorrow at open and then it will be intersting to see if we retest the highs or not.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

A low volume rally from yesterdays sell off took markets into green today. But I would not read too much in todays action and markets are in no mans land right now and may consolidate here for couple of days before giving a further direction hint. Sector wise oil/steel/materials were leaders while staples/utils/healthcare were the laggards. Internals were positive today. Dollar pulled back a little but any further strength in dollar would cause risk aversion.

I have been trading very little lately since its hard to bet on direction of market right now.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market Summary

Markets gapped lower at open today after some very strong sell off overnight in Asia followed by Europe. Volume was heavier and some major supports were taken out today including 21 dema on Q's and SPY. Internals were very weak and A/d line hit lowest reading since April. Sector wise material/steel were the weakest and health care though red was out performer today.

I had been suggesting for some days now that markets look heavy and tight stops on long positions was advisable. On Friday we saw substantially weaker internals than what price action would have suggested.

This week is options expiry and lot of volatility could be expected but very soon it will be evident if this is buy the dip or sell the rip market. I still think dollar is the clue to this market and if dollar keeps on strengthening markets as well as commodities would remain in trouble.


Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

Markets had a down day today on a little heavier volume. Right from the open selling started but by 1030 CST it subsided and markets went sideways with a small surge upwards into close. Internals were outright negative with NYSE Advance/Decline line registering lowest reading in more than a month. Oil and energy sector were the weakest while utilities were stronger so was dollar.
Dollar I think is the biggest tell on market right now and If dollar is trying to find a bottom here then markets as well as commodities could be in trouble which were hit hardest today.
I lightened up on DBC, UGA, USO in my long term acct today and will look to see how deep this correction will go in commodities sector.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

I was keeping busy for past one week and couldn't keep a tab on markets so had to step aside and didn't trade at all. Now I am back for a bit before I take off again for couple of weeks.
Markets had an up day but nothing compared to what it looked in the morning when I got up, S&P futures were up 11 points and Europe and Asia were on fire, but retail sales and job numbers killed the move. Markets look heavy to me here but still holding up above their 10 dma which is a bullish scenario. Sector wise we had good rally in materials and energy possibly because of overnite rally abroad. While biotechs lagged today. Internals were mixed while they are creating bearish diverging on the daily chart.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

Markets finally gave some gains today and closed in red. Markets are quite overbought and need a healthy pullback for weak hands to drop and strong hands to come in to take prices higher. SPY put a hang man while QQQQ are showing toppy action on daily chart. Sectorwise financials and reits led while energy sector suffered. Internals are diverging and undercurrents are not that strong in markets. Stops need to be tightened on existing position.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar

Market summary

Market chugs along like a slow train everyday. We are extremely overbought in all respect but that's only a reason to be cautious with entry and actively managing the open positions not to initiate short positions. As some one once said market can remains irrational longer than a person can remain solvent. Sector wise we had gains in IYR and XHB while energy and ag closed lower.

There are lot of individual stocks which are setting up almost every day and are working and that's where I am concentrating as long as Indexes keep on going higher. One day this train will stop and all we need to be sure is that we are not the last one holding the bag.

Follow me on twitter for real time trade updates.
www.twitter.com/sidshar