Trading with Volume Spread Analysis (VSA)
- Thread starter bunny
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Sorry Guys Volumes were higher but not that High compared to previous days. Although no data yet on FIIs or DIIs activity for today on NSE website. This dollar unwinding is causing havoc. The other problem is that the short covering due to dollar unwinding is making things worse. Once this stops market would rally. I dont understand by blame the EURO US is in so much debt that EURO is still better currency than the bloody US dollar.
But this Obama statement about prop trading came at a perfect time although now it dies down as Investors and Wall street can hardly believe it being implemented every second day they bring in EURO.
This is much like what was going on last January until March. And suddenly in March investors decided ok we are sick and tired of this bad news day in day out I am willing to take extra bit of risk and then the markets rallied. It can be something similar but it may take another week or more before things settle. November similar attempts were made to stop the market from going up then the excuse was Dubai Debt...markets reacted but soon Abu Dhabi came in and bailed it out thus reducing any concerns. However, this ECB is not making things any good ...instead of assuring investors and protecting their currency from downfall they are accusing Greece and Spain constantly.
But I still believe this is the end of dollar carry trade and bad news is brought in so that investors can reverse their positions at better rates go short on dollar at a higher rate. The reason for this maybe that an interest rate increase is expected soon hence borrowing dollar may become expensive. Lets focus on the jobs data for now and see how good or how bad they turn out. My expectation is of positive number but soon they will come out and say Greece is making things worse.
But this Obama statement about prop trading came at a perfect time although now it dies down as Investors and Wall street can hardly believe it being implemented every second day they bring in EURO.
This is much like what was going on last January until March. And suddenly in March investors decided ok we are sick and tired of this bad news day in day out I am willing to take extra bit of risk and then the markets rallied. It can be something similar but it may take another week or more before things settle. November similar attempts were made to stop the market from going up then the excuse was Dubai Debt...markets reacted but soon Abu Dhabi came in and bailed it out thus reducing any concerns. However, this ECB is not making things any good ...instead of assuring investors and protecting their currency from downfall they are accusing Greece and Spain constantly.
But I still believe this is the end of dollar carry trade and bad news is brought in so that investors can reverse their positions at better rates go short on dollar at a higher rate. The reason for this maybe that an interest rate increase is expected soon hence borrowing dollar may become expensive. Lets focus on the jobs data for now and see how good or how bad they turn out. My expectation is of positive number but soon they will come out and say Greece is making things worse.
The numbers are out and as expected the numbers are better than expected or analyst estimates. Dow Futures positive from 60 points down. Lets see if it impacts anything because the main reason was that unemployment would increase hence the sell of yesterday but actually the unemployment fell to 9.7% best in the last 5 months analysts were expecting 10.1% and December it was 10.5%. Lets see how Dow rides today. Still I believe there is some weakness Dow Should not go below the 10000 if we have to see any recovery or an up move.
NASDAQ up 3/4 % 
as of now...europe turning around.... yay !!!
So I think we should have a welcome surprise tommorow..
as of now...europe turning around.... yay !!!So I think we should have a welcome surprise tommorow..
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