MARKET COMMENTARY
The markets made another 180 degrees turn - extremely volatile and difficult to decipher the next direction on daily basis. The Dow gave back almost all the gains made in the previous day. Volume also surged strongly on this trading day. Given this scenario in conjunction with other indexes, Wednesday’s market can very well [...]

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MARKET COMMENTARY
The Dow crashed 345 points to make it more than half way to 11,000 support level. This is an important move that could drive the market much lower, kicking start a new round of sell-offs to lower level. Friday’s market should take on the cue of Thursday’s trading result and go lower. But it [...]

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MARKET COMMENTARY
The Dow fell on Friday in light trading. Volume is still comparatively low. Hence, the 171 points loss is not regarded as driver of the new trend. It still needs to break the trend line and resistance line in higher volume to mark a new direction for the market overall.
The Gustav hurricane, which will make [...]

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MARKET COMMENTARY
The Dow surged on news of positive economic growth. This is a major market-mover information; hence, it push the Dow higher. We may see further increase in the index but with limited extension. This is because of the strong resistance hovering just above it. If this resistance is breached, then we will have strong [...]

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MARKET COMMENTARY
The market had started its trading session with a big sell-off, but finished with a small gain. This kind of trading would probably prevail for the next few days. In the absence of any major earth-shattering events, the key indexes will probably trade in a range. This sort of markets is not very profitable [...]

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