Archive for October, 2009

• The verdict is in
  Posted by vinaydh on October 31st, 2009 at 6:16 pm, Comments: 0

  Bears are back. Do not try to pick the bottom. Short rallies. I do not think we will bottom before late Nov. I also think that this feel good fake rally will resume in Dec. The rally was fun while it lasted but now it’s time to get into bear costume. The timing couldn’t have [...]

• Impressive turn around
  Posted by vinaydh on October 29th, 2009 at 11:04 pm, Comments: 0

  Improved GDP readings came in at the right time to trigger an impressive rally from oversold levels. Market recaptured 1060 level quickly and that was impressive. Ideally if this market indeed was starting on a serious slide, it should have gone sideways to relieve the oversold condition. This huge reversal is a little odd if [...]

• Rally is over
  Posted by vinaydh on October 29th, 2009 at 1:43 pm, Comments: 0

  I think this market is done on the long side. Shorting rallies should be the mantra now. This market is oversold but I wouldn’t bet on a bounce. It seems this market doesn’t want to give the trapped longs the room to get out or new shorts to jump on board. This is a run [...]

• Rally under stress
  Posted by vinaydh on October 26th, 2009 at 10:02 pm, Comments: 0

  Rally is under pressure now. BIDU fumbled its earnings and got crushed after hours. Even though the sell off was severe, the big cap stocks such as AAPL and GOOG held up pretty well. In fact AMZN went on to make new all time high, granted it’s in a world of its own these days. [...]

• Market trying to muddle the picture
  Posted by vinaydh on October 25th, 2009 at 5:21 pm, Comments: 0

  As usual this market is trying to muddle the picture. It has been the hallmark of this market since March bottom. I am positive that we will see new highs sooner rather than later. We may see a little more of shaking but this market will close above 1100 pretty soon. When stocks like AAPL, [...]

• Market still has room to run
  Posted by vinaydh on October 21st, 2009 at 8:01 am, Comments: 0

  I didn’t like the weak market action in response to a gang buster earnings from AAPL. But then this market loves to confuse so am not worried yet. It may just be the market’s way of conveying that some kind of correction is coming. I am targeting Nasdaq 2220-40 before this run comes to a [...]

• Keep it simple
  Posted by vinaydh on October 18th, 2009 at 10:20 pm, Comments: 0

  The trend remains up. I don’t think we would see any good size correction before S&P tags 1120. The earnings so far has been a mixed bag. The ability of the market to hold up even after such a big run up speaks volumes  about the underlying strength.
  We have AAPL earnings tomorrow. It has the [...]

• Market wants to keep you on the edge
  Posted by vinaydh on October 13th, 2009 at 7:18 am, Comments: 0

  I see nothing that looks bearish to me. Has the market given an all clear on the long side? The answer to this question is another question. Did the market give an all clear at anytime since it started this rally from the March 6th bottom? I don’t think so. So stop aiming to make [...]

• Market baffles doubters again
  Posted by vinaydh on October 6th, 2009 at 8:08 pm, Comments: 0

  This market has only one mission and that is to go up. Anything it does in the interim is just to muddle the picture. As I say, market doesn’t want you on its back.
  This rally is very similar to the Meredith Whitney induced rally back on July 13th. The only difference is that the catalyst [...]

• One year and nothing has changed
  Posted by vinaydh on October 5th, 2009 at 11:54 pm, Comments: 0

  I started this blog exactly a year back on Oct 5′ 2008. I have copied my very first post titled “Stock Market setting up for a crash” below -
  October 5, 2008 at 7:29 pm
  by vinaydh
  I have been posting my comments on individual blogs for quite some time now. Then this weekend I thought what better [...]