Second-Quarter Earnings Update
As of July 23, 2008 about 38% of S&P 500 companies had reported second-quarter earnings — including most of the major Financials. Earnings thus far are down 28% from the second quarter of last year, due largely to a 97% decline from Financials.
http://crewcapitalthoughts.blogspot.com/2008/07/second-quarter-earnings-update.html
Monday, July 28, 2008
Monday, July 21, 2008
20 DMA - 21 July 2008 Indian Stock Market
The 20 DMA (daily moving average) is often considered as the best short-term trend indicator.
After falling below that on May 22, the Nifty had made multiple attempts to take it out — once on June 18 and again on July 11. But the failure of all such attempts meant that before Friday, it had spent 41 hapless nights below its 20 DMA — the longest span in more than a decade. No wonder, it had lost a whopping 25% in this period.
Now, with the 20 DMA conquered, bulls have definitely taken the first step in redeeming themselves.
20 DMA was cross on Friday 18 July 2008
From
Derivatives Diary,
Investor Guide, Economic Times 21 July 2008
by Shakti Shankar Mahapatra
shakti.patra@timesgroup.com
After falling below that on May 22, the Nifty had made multiple attempts to take it out — once on June 18 and again on July 11. But the failure of all such attempts meant that before Friday, it had spent 41 hapless nights below its 20 DMA — the longest span in more than a decade. No wonder, it had lost a whopping 25% in this period.
Now, with the 20 DMA conquered, bulls have definitely taken the first step in redeeming themselves.
20 DMA was cross on Friday 18 July 2008
From
Derivatives Diary,
Investor Guide, Economic Times 21 July 2008
by Shakti Shankar Mahapatra
shakti.patra@timesgroup.com
Technical analysis - Indian Market - 21 July 2008
The indices have falling intermediate tops and bottoms, and therefore, are in major (i.e. long-term ) downtrends. This means we are still in a bear market.
The market’s long-term trend will turn up if the Sensex closes above its intermediate top of 17,736, the Nifty above 5,300, and the CNX Midcap above 7,192.
Global indices are also in major downtrends, but only a handful have managed to remain above their last intermediate bottoms. The Chinese and then the Indian indices were the first to breach their last intermediate bottoms, and the Dow followed shortly thereafter. The Dow will enter a bull market if it closes above its last intermediate top at 13,200 during its next intermediate uptrend.
The Sensex breached 13,050 on Tuesday to go back into an intermediate downtrend. The Nifty and CNX Midcap followed suit by falling below 3,896 and 5,072, respectively. The July 11 highs are the levels to be crossed for the market to get back into an intermediate uptrend. These are 14,066 for the Sensex, 4,216 for the Nifty, and 5,406 for the CNX Midcap. A decline below 12,514 for the Sensex will mean a continuing intermediate downtrend.
Global markets also started rallying in the second half of the week, but only the Nasdaq Composite has managed to get into an intermediate uptrend until now. However, the rallies look a little more persistent than they had been in recent times, and a global intermediate uptrend appears to be a definite possibility now. Most major international markets are still in intermediate downtrends. The Dow will enter an uptrend if it stabilises above 11,550.
From
Glimmer of hope in volatile markets
by Deepak Mohoni in Economic Times
http://economictimes.indiatimes.com/Investors_Guide/Glimmer_of_hope_in_volatile_markets/articleshow/3257095.cms
The market’s long-term trend will turn up if the Sensex closes above its intermediate top of 17,736, the Nifty above 5,300, and the CNX Midcap above 7,192.
Global indices are also in major downtrends, but only a handful have managed to remain above their last intermediate bottoms. The Chinese and then the Indian indices were the first to breach their last intermediate bottoms, and the Dow followed shortly thereafter. The Dow will enter a bull market if it closes above its last intermediate top at 13,200 during its next intermediate uptrend.
The Sensex breached 13,050 on Tuesday to go back into an intermediate downtrend. The Nifty and CNX Midcap followed suit by falling below 3,896 and 5,072, respectively. The July 11 highs are the levels to be crossed for the market to get back into an intermediate uptrend. These are 14,066 for the Sensex, 4,216 for the Nifty, and 5,406 for the CNX Midcap. A decline below 12,514 for the Sensex will mean a continuing intermediate downtrend.
Global markets also started rallying in the second half of the week, but only the Nasdaq Composite has managed to get into an intermediate uptrend until now. However, the rallies look a little more persistent than they had been in recent times, and a global intermediate uptrend appears to be a definite possibility now. Most major international markets are still in intermediate downtrends. The Dow will enter an uptrend if it stabilises above 11,550.
From
Glimmer of hope in volatile markets
by Deepak Mohoni in Economic Times
http://economictimes.indiatimes.com/Investors_Guide/Glimmer_of_hope_in_volatile_markets/articleshow/3257095.cms
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