Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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Re: Stocks To Keep A Close Eye On - Chapter II
Hi Anantji is there any way to get the lists of stocks that have sell triggered before or stoploss hit.Suppose stock AKSHOPTFBR stoploss hit on 21/01/10 but sell triggered on 22/01/10 according to your afl.Now how to get these stocks eliminated so that they dont show like this.I want to get the update of the stocks that are stoploss hit and sell triggered.What to do with your update option in your afl?Please help me out so that i can get fresh list of stocks everyday.Thnx in advance.
Hi Anantji is there any way to get the lists of stocks that have sell triggered before or stoploss hit.Suppose stock AKSHOPTFBR stoploss hit on 21/01/10 but sell triggered on 22/01/10 according to your afl.Now how to get these stocks eliminated so that they dont show like this.I want to get the update of the stocks that are stoploss hit and sell triggered.What to do with your update option in your afl?Please help me out so that i can get fresh list of stocks everyday.Thnx in advance.
We have to put things into perspective to see if it is the right time to buy stocks.
1. Yes the market's have now fallen. But is it signalling end of the current bull market. Well, as of now, it can rightly be said that market's main trend does remain up.
2. The main trend will start to look different if 3900 get's taken out. TA's main principle is to assume the continuation of trend unless signs emerge to suggest otherwise. Corrections of the magnitude of 10-20% in major bull market's are always on the cards and hence it is quite likely that we are undergoing the corrective phase.
3. U.S is churning out bad news but it does not indicate major trend changes for Asian counterparts. Just about a week back, people were willing to buy stocks at 5300 levels. Yes, now people will be more circumspect, but they will certainly feel happy to accumulate stocks at 4500 - 4900 levels.
4. Macro economic data is not suggesting market crash as such. Yes, sector rotation will take place and stocks will get affected as money shifts from one sector to others. Interest rate hike is currently being discussed. Inflation is rising and hence it is quite possible that what we are witnessing at present is money being withdrawn from certain sectors. If this is the case, then soon we can see new leaders emerging. Usually in interest rate hike scenario, sectors like chemicals, media, hotel and leisure, Tech- Hardware, software, Mining and Retail sectors do better.
It's a wait and watch scenario, with careful stock picking for long term portfolio. As a trader it is better to stay out as volatility can cause losses for traders. Few sessions ahead should make things more clearer.
This is what I think and I may be wrong.
1. Yes the market's have now fallen. But is it signalling end of the current bull market. Well, as of now, it can rightly be said that market's main trend does remain up.
2. The main trend will start to look different if 3900 get's taken out. TA's main principle is to assume the continuation of trend unless signs emerge to suggest otherwise. Corrections of the magnitude of 10-20% in major bull market's are always on the cards and hence it is quite likely that we are undergoing the corrective phase.
3. U.S is churning out bad news but it does not indicate major trend changes for Asian counterparts. Just about a week back, people were willing to buy stocks at 5300 levels. Yes, now people will be more circumspect, but they will certainly feel happy to accumulate stocks at 4500 - 4900 levels.
4. Macro economic data is not suggesting market crash as such. Yes, sector rotation will take place and stocks will get affected as money shifts from one sector to others. Interest rate hike is currently being discussed. Inflation is rising and hence it is quite possible that what we are witnessing at present is money being withdrawn from certain sectors. If this is the case, then soon we can see new leaders emerging. Usually in interest rate hike scenario, sectors like chemicals, media, hotel and leisure, Tech- Hardware, software, Mining and Retail sectors do better.
It's a wait and watch scenario, with careful stock picking for long term portfolio. As a trader it is better to stay out as volatility can cause losses for traders. Few sessions ahead should make things more clearer.
This is what I think and I may be wrong.
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