Wednesday, December 14, 2011
Tuesday, December 13, 2011
The market is recovering from its slump (Monday's trading) as shown from the overnight session below.
A positive open is most likely ahead of the Fed meeting.
Expect a volatile market today's trading whereas the participants will tangle what direction the market might headed as per Fed outcome.
But whatever the Fed might come out, the participants are already used to it.
The market is a news driven sentiment anyway.
The market is in consolidation range, but I can sense it might rally before the year ends.
Santa Claus will buy the market this Christmas!
Anyway, let's see how the market will react from helicopter Ben's (Bernanke) action.
A positive open is most likely ahead of the Fed meeting.
Expect a volatile market today's trading whereas the participants will tangle what direction the market might headed as per Fed outcome.
But whatever the Fed might come out, the participants are already used to it.
The market is a news driven sentiment anyway.
The market is in consolidation range, but I can sense it might rally before the year ends.
Santa Claus will buy the market this Christmas!
Anyway, let's see how the market will react from helicopter Ben's (Bernanke) action.
Monday, December 12, 2011
The market tumbled today as shown below.
It descends from the early session and continues in the regular trading.
Lots of shorts are happy seeing the market drops from its trend.
Bulls are nervous and are selling their long position or got stopped out.
No real time trade post today.
Just watching the market dances to its tune.
It descends from the early session and continues in the regular trading.
Lots of shorts are happy seeing the market drops from its trend.
Bulls are nervous and are selling their long position or got stopped out.
No real time trade post today.
Just watching the market dances to its tune.
Saturday, December 10, 2011
The market made a smooth sailing upwards yesterday, Friday.
First, I made a pathetic scenario that it might just turn sideways.
And I was wrong and I made a mistake, that's why in the market nothing is predictable.
I traded early in the market and was able to gain 50 points plus.
Had I let my trade run till the close, it can gain a 100 points plus.
But due to some personal appointment, I need to close the trade and was out till the market close.
In trading if you cannot do it full time especially if you are tied to the market, you cannot maximize the possible market potential.
Trading/Investing is like a job, it needs full time attention too.
Showing the concluding chart last Friday below is a fine example of buy in the open and sell in the close.
It is like you open your store in the morning and close it in the afternoon.
No further doings!
First, I made a pathetic scenario that it might just turn sideways.
And I was wrong and I made a mistake, that's why in the market nothing is predictable.
I traded early in the market and was able to gain 50 points plus.
Had I let my trade run till the close, it can gain a 100 points plus.
But due to some personal appointment, I need to close the trade and was out till the market close.
In trading if you cannot do it full time especially if you are tied to the market, you cannot maximize the possible market potential.
Trading/Investing is like a job, it needs full time attention too.
Showing the concluding chart last Friday below is a fine example of buy in the open and sell in the close.
It is like you open your store in the morning and close it in the afternoon.
No further doings!
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