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• Market is on track
  Posted by vinaydh on January 13th, 2010 at 6:56 pm, Comments: 0

  I thought that GOOG news about pulling out of China might derail the rally but it didn’t. It seems most of the sell off in GOOG was already over by the time we ordinary mortals came to know of the news. Market is on track to go over 1160. Earnings season kicks into high gear [...]

  
  

• Market is on a roll
  Posted by vinaydh on January 10th, 2010 at 7:31 pm, Comments: 0

  There is nothing to dislike about this market from the long side. This market is on a roll. The next upside objective is 1167. I think we may see a quick profit taking bout after that but that would provide an excellent opportunity to get long again.
  The jobs report on Friday was a little disappointment [...]

  
  

• Market on strong footing
  Posted by vinaydh on January 5th, 2010 at 4:12 pm, Comments: 0

  Market has started the new year on a strong footing. Both Nasdaq and S&P made new highs today. The volume too has returned back after the holidays.
  We are entering a tricky period now as it’s pre expiration week as well as earnings season will start in right earnest right after the expiration week. I think [...]

  
  

• Performance Update
  Posted by vinaydh on January 4th, 2010 at 10:40 pm, Comments: 0

  The following link contains trades based on alerts from the Thinking Trades service. It includes trades that have been fully closed as of 2/16/10. On a 30k portfolio, we have generated a return of 57.88% in 10 weeks . Since the portfolio was never more than 25% invested at any point of time, the return [...]

  
  

• Curtain falls on a tumultuous year
  Posted by vinaydh on January 3rd, 2010 at 9:43 pm, Comments: 0

  It’s curtains for one of the most tumultuous years in the history of wall street. The year started with a horrific plunge that gave way to the most astounding and most unloved rally in the history of wall street. It was a year when reputations were made and destroyed in the same year. Those who [...]

  
  

• So near and yet so far
  Posted by vinaydh on December 23rd, 2009 at 1:05 am, Comments: 0

  The SPX 1120 was breached intraday but the market closed below it. I think it’s only a matter of time before market overcomes the 1120 level. But then I have been saying this for quite some time but I could care less. This market is providing good trading opportunities in individual stocks.
  The next level of [...]

  
  

• Do not let the market consume you
  Posted by vinaydh on December 21st, 2009 at 12:10 am, Comments: 0

  Technical analysis is not a science. It’s an art. If it were a science, someone or the other would have come up with an algorithm to corner the market. Nothing works all the time. I also use moving averages, trend lines, fibs, sector rotation and what not to form an opinion but there is no [...]

  
  

• Market still churning
  Posted by vinaydh on December 17th, 2009 at 9:32 pm, Comments: 0

  I thought that the fed would not change their language from the Nov meeting but surprisingly they did. The very thought of an end to low rates regime made the market edgy. The dollar too rallied sharply. I was certain that the fed won’t spook the market but they did by hinting that easy monetary policy [...]

  
  

• Only a matter of time
  Posted by vinaydh on December 14th, 2009 at 11:54 pm, Comments: 0

  Market is holding up pretty well. I am not going to speculate when it will breakout but will stick to my view that breakout is only a matter of time. My strategy is simple, any sell off is another opportunity. If we rally then it’s even better. I think the next level of interest will [...]