Archive for September, 2009

• Buy the dip
  Posted by vinaydh on September 25th, 2009 at 8:28 am, Comments: 0

  Every time we have a measly 2-3% sell off, folks are out saying that the bear market rally is finally over. They have been wrong so far and I do not see any reason that they would be right even now.
  I think we are at a level where one can make a calculated bet on [...]

• RIMM disappoints
  Posted by vinaydh on September 24th, 2009 at 4:32 pm, Comments: 0

  RIMM disappoints with its earnings after hours. It has become a ritual for RIMM to fumble on its earnings. At this rate it risks being chucked out by Cramer as one of the four horsemen of tech.
  Market took a breather today and probably will tomorrow too after the RIMM fiasco. I think 1040 level should [...]

• Rally call goes down the drain
  Posted by vinaydh on September 24th, 2009 at 10:31 am, Comments: 0

  The time window has passed for the market to mount a rally. It will be sheer luck if the market rallies from here but then surprises do happen in the direction of the trend. Let’s see if the trend saves the day for the market or not.

• A big rally may be in the works for today
  Posted by vinaydh on September 24th, 2009 at 7:43 am, Comments: 0

  Even if it doesn’t happen, market will eventually go much higher from these levels as far as I can see. This market is a screaming buy. We will see.

• Finally a pullback
  Posted by vinaydh on September 23rd, 2009 at 10:51 pm, Comments: 0

  It must be rare when a market action is greeted with a sigh of relief by both bulls and bears. Today’s pullback may be one of those times. Bulls will be happy to be able to buy at lower prices. Bears will be happy just to see a stock quote in red.
  Fed days are notorious [...]

• Nasdaq looks set to overtake 2007 highs
  Posted by vinaydh on September 22nd, 2009 at 8:18 am, Comments: 0

  I may be jumping the gun on this one but all signs point to that right now. I have said before that this market is on a mission. The long term indicators have just started flashing buy signals. Yes, they have started flashing buy signals after an amazing 50% rally. Till now we have only [...]

• Short term update
  Posted by vinaydh on September 18th, 2009 at 7:52 am, Comments: 0

  The market has achieved the initial target of 1070 that I was looking for in the short term. Are we going to get a pullback now? A pullback or not, this market is going higher from these levels. 1070 is a speed bump. On closer look, I think 1070 may not give the necessary pullback [...]

• Rally entering the second phase
  Posted by vinaydh on September 15th, 2009 at 8:26 am, Comments: 0

  I think that the market is getting ready to embark on the second leg of this rally from March lows. The long term buy signals have just started to emerge. Nasdaq is leading the charge here and it has already retraced more than 50% from the March bottom. It still may be a little early [...]

• Market taking the path of most frustration
  Posted by vinaydh on September 10th, 2009 at 7:04 am, Comments: 0

  It seems there is no stopping this market. S&P made a new closing high for the year yesterday. This market had its eyes set all along on new highs while it threw many off track with that one day sell off last Tuesday. Bears declared victory that day and bulls decided to go on the [...]

• It's all about gold
  Posted by vinaydh on September 8th, 2009 at 7:56 am, Comments: 0

  Gold has broken out above 1000 today. This may be its chance to really take off from here. There is not much talk about it compared to the last time it was at these levels. Big moves almost always happen when not many are watching. Dollar has weakened against a basket of major currencies. A [...]