The Nifty Trading Lounge

[Karthikkrishna]

@ taurus

Just started started following the last part of your thread. While one can be both right and wrong about their trade and prediction, the key aspect of trading is having a trading system and executing your idea in real markets were money is involved. A proper trading system is highly important for an option trader. I just dont understand your system . It seems to be based on hope and news, which are two things that you must not do in the stock market.

 

[Taurus1]

From Monday, I'm back in office.

As of now, all is looking very rosy, but lets not forget that only 2 weeks ago everyone was prepared for the worst.

Oil is getting ready to enter a multi year bear market and it's gonna be fun to watch how any bull run stacks up against crashng oil prices.

Remember 2008 ?

Opinion: This stock market rally is for suckers
http://www.marketwatch.com/story/this-stock-market-rally-is-for-suckers-2014-11-05?siteid=yhoof2

On Friday, Oct. 31, five stocks were primarily responsible for Dow’s advance. The previous day, Visa V, +0.94% had accounted for around 123 points of the 221-point rally. Take away
Visa and the rally was a lot less impressive

Same story here.... just a few stocks are pushing it up. I'm not convinced and until better participation starts, my money will stay in the bank .

 

[Taurus1]

All Governments are intent on propping up their markets, no matter what the cost.

Why betting on Japan is a no-brainer
http://www.marketwatch.com/story/why-betting-on-japan-is-a-no-brainer-2014-11-10?siteid=yhoof2

he same day that the BoJ announced its QE program, Japan's Government Pension Investment Fund, the world's largest pension fund with $1.1 trillion in assets, also increased its allocation to stocks.

The Nikkei has gone up 3000 points in 4 weeks . Now if it had gone down 3000 in 4 weeks would they stay quiet? At some point, the whole thing is gonna fall apart.

The relatives portfolios that I was holding are still in cash, but if it crosses 8500, I will buy them back .....with an ironclad hedge.

So many reasons why the bulls will win, says Cashin
http://www.cnbc.com/id/102174154
The US is setting new records and so are all world markets. The Feb 5th low till the July 17th top, took 6 months to do 1800 points. This time from the Oct 14th low, till date it has done the same 1800 points in 20 days.

This has happened only 4 times in the last 20 years.

Oil prices goiing down is good for the market, and oil prices going down is bad for the market, according to the gurus.

Market hopeful of a rally on backdrop of fall in crude oil prices
http://economictimes.indiatimes.com...-in-crude-oil-prices/articleshow/44965830.cms
Wall Street closes flat as weak oil drag on stocks
http://economictimes.indiatimes.com...k-oil-drag-on-stocks/articleshow/44954153.cms

Must read for all.......

'Megaphone pattern' says Dow will climb higher
http://www.cnbc.com/id/102182998

Broadening Top Megaphone Pattern Predicted Stock Market Crash
http://www.marketoracle.co.uk/Article5623.html

 

[ap*]

Im an amateur trader in the options market but nifty and bank nifty seem to have run upto everyones expectations. Whats left now? i see barely any stimulus left this month to take bank nifty any higher or even nifty for that matter. Yes this is a bull market but a correction is imminent and i think its time to stock up on nifty 8500 pe and bn 17600 pe. Even a minor correction will fetch good returns especially if holding stocks of banks or any nifty listed companies.

 

[Taurus1]

Nikkei monthly chart

See any similarity between now and 2006-2007?

 

[Taurus1]

The biggest IPO this year was Alibaba on Sept 19th. That was also the exact date of the top from where the SPX dropped 10%.

This week there are 12 IPOs ..........

The IPO rush begins
http://finance.yahoo.com/news/ipo-rush-begins-150648144.html

Daily chart of the Russell 2k, the rollover has already started

 

[timepass]

The biggest IPO this year was Alibaba on Sept 19th. That was also the exact date of the top from where the SPX dropped 10%.

This week there are 12 IPOs ..........

The IPO rush begins
http://finance.yahoo.com/news/ipo-rush-begins-150648144.html

Daily chart of the Russell 2k, the rollover has already started

Which was the IPO just before the crash in 2008 ?? Rpower was it? Or RNRL ?? Sucked up a lot of liquidity from the markets. There were rumors of BSNL and L&T Infotech coming out with IPOs too, which didn't materialize after the crash, even to the date

 

[Taurus1]

Which was the IPO just before the crash in 2008 ?? Rpower was it? Or RNRL ?? Sucked up a lot of liquidity from the markets. There were rumors of BSNL and L&T Infotech coming out with IPOs too, which didn't materialize after the crash, even to the date

It was probably Rpower.... I wasn't that active then.

Just a few days ago the gurus were going gaga over Japan.....

Why betting on Japan is a no-brainer
http://www.marketwatch.com/story/why-betting-on-japan-is-a-no-brainer-2014-11-10?siteid=yhoof2

...........and only 4 days later Japan is in recession????

Nikkei falls to 1-week low as Japan's recession spooks market
http://economictimes.indiatimes.com...ession-spooks-market/articleshow/45172375.cms
Japan in recession as economy contracts 1.6%
http://economictimes.indiatimes.com...conomy-contracts-1-6/articleshow/45172350.cms

World economy in worst shape in two years, euro area deteriorating
http://economictimes.indiatimes.com...deteriorating-survey/articleshow/45172027.cms

3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
http://www.zerohedge.com/news/2014-...world-have-already-fallen-recession-–-us-next

Gold and silver fast heading the same way as oil

 

[Taurus1]

The relatives portfolios that I was holding are still in cash, but if it crosses 8500, I will buy them back .....with an ironclad hedge.

My portfolios are back in...... with a bulletproof hedge.

The low volat helped since it cost me very little, just in case there is an overnight plunge.

Who says there is no such thing as free money? Just come to the stock market and see....

Take a loan on your house, pawn your left kidney and buy equity.

This needs to be taught in schools to kids.... the stock market only goes up, up, up and up. There's no need to go to work at all with riskless, free money from the market.

Today, my sabji wali gave me a few hot stock tips, but no tips from my shoeshine boy yet.

Welcome to the newest, greatest bull market ever manufactured.

 

[Taurus1]

Oil is getting ready to enter a multi year bear market and it's gonna be fun to watch how any bull run stacks up against crashng oil prices.

Remember 2008 ?

Oil prices are crashing hard....... at this speed, water will become cheaper than oil.

Could oil collapse cause next credit crisis?
http://www.cnbc.com/id/102223823
Must read
Warren Buffett's 'Single Best Measure' Of Stock Market Value Hasn't Been This High Since The Dotcom Bubble
http://www.businessinsider.com/warren-buffett-stock-market-valuation-indicator-2014-11?IR=T

The S&P 500 is trading at 17.2 times the projected earning of all it's members, but who's counting?

The final top for all markets is on Jan 6th, 2015.... then sideways till the 18th. The biggg downmove starts from 2015, Jan 19th, +/-2

Posting this now for reference later.