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Showing posts from May, 2025

The Market Chronicles: Daily review (Wed, 14/05/2025)

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 Pre-market is some what positive. Not a major shocks, looks like market is sailing smoothly. SPY/QQQ is going strong. Seen bit of decline in market level 50,100,150 and 200MA's and 20MA is consolidating. Not sure what this means? I see clear indication of market rotation in couple of sectors. Energy, Realestate, Materials, Health care, Utilities, and consumer taples are going down.  Where as Technology, Communications, and Industries are going up. Midcap and largecap growth stocks are going really strong. Market internals shown bit of slowness/correction today. I see $ADD is negative, Tick is bit fine and TRIN is at .62 which is a kind of red day tomrorow. My positions are LX, and SOUN.

The Market Chronicles: Daily review (Mon, 12/05/2025)

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 Pre-market looks really promising with good news related trade deal between US and China. After almost three months of carnage and two months of most of the MA's below the price, today it clearly shown SPY, QQQ and SPX all are above all MA's. This a good sign of market recovered well and all positive signs with a good bounce from here. SPY: QQQ: Even market internals too showing good  ADD: Showing really good uptrend most most part of last 3 weeks. Volatility index too has stabilised a bit so most probably no major hiccups in near future. Even Daily volume is showing major buying from April 10th on words: Market breadth indicators like NCFI, NCOH, NCOF and NCTH showing great recovery as well. After a longtime almost 3 months later, I entered market today. I can say the setups are 3*, not a 5* setups though. My present positions: SOUN and LX.

The Market Chronicles: Daily review (Thu, 08/05/2025)

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 Pre-markets look really great. We are in consolidation phase form the look of it. Not major changes in markets and it is doing some tight ranges in SPY and QQQ. This is a good sign of market consolidation. SPY: QQQ: FOMO indicator is looking good as well. ALL the market breadth indicators from 50MA and above are trending up which is good sign of recovery from trade war hiccup. Growing sectors from last couple of weeks which are going up are Industrials(XLI), Technology(XLK), Communication services(XLC)

The Market Chronicles: Daily review (Fri, 02/05/2025)

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 The pre-markets futures given really good indication once again, Have excellent and clear direction where market is going. Already we have 9 positive straight days for SPY and QQQ is almost 7 days out of 9 days. We are really in a good bull market at this time. Missing out a lot due to major mistakes I did last couple of times. That is fine until I am learning from my mistakes and this is my first year of trading.  SPY: QQQ: $ADD and TICK shown the direction and acceleration of market today. Almost 16500 stocks advanced when we took difference of declining stocks. And Tick shown real resilience maintaining 448.  TICK: $VOLD shown some increase in volume when compared to yesterday. Good sign of more transactions in overall market. MMFD shown some recover as I see more stocks got positive today. MMMTW, MMFI, MMOH, MMOF and MMTH are following trend. So most probably there will be pull back in a week or two to sustain this growth. All these broke a major trend line which is ...

The Market Chronicles: Daily review (Thu, 01/05/2025)

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Looks like a good day for today. Already we have 8 positive straight days for SPY and QQQ is almost 6 days out of 8 days. Right time to invest or trade as the market observed very bad news of negative GDP growth yesterday. This is a good sign of trending market. Market closed and SPY continued its positive straight days to 9 and QQQ 7 out of 9 days with very negligible negative days for remaining those two days. SPY is going up steadily. QQQ: MMFD is recovering from yesterday down. Long term averages to recovering steadily from April 7th 2025 least point to a longer term uptrend. I see a bit of rotation from Midcap and small stocks to large cap growth stocks, May be because of MSFT and META positive earnings. Large cap growth stocks. Midcap stocks: From last coupe of months Finance and communications sector done really great. Both with 80 RS rating. XLF/SPY: XLC/SPY: No open positions and no watch-list for today.