“A picture is worth a thousand words” can be the truth. But when it comes to believing the picture, emotions may interfere. Like the DOW 30 structure clearly illustrates a breakout. However, we can still debate about it. “It’s not clear”; “We can give it another week”, “We don’t have volume confirmation”, “It’s a corrective”, […]
It is not the first time, but on many prior occasions, I have been accused of getting too extreme with forecasts. My running forecasts of Dow 20,000, Nifty 10,000, oil $300, gold $10,000 and Indian Rupee-USD sub-40 could also be considered extreme for the next 36 months. With all the objectivity that we talk about and all the objectivity that investors […]
Recently, we were asked “whether it was time finally to get out of the 12-month holding on dollar?” Dollar did not move for 12 months. There was another query regarding gold, “Should I sell it?” Two synchronous sell queries linked with two essential and interconnected assets was not a coincidence. The emotional disturbance of holding […]
Budapest to Vienna is two-and-a-half hours by road. Just across the border we were wondering why the Austrians were not so prompt like Hungarians to clear up the snow from the highway. After all, nature knew no borders. It was on our way that we realised we had travelled ahead of the snow shower and […]
Thermo Fisher Scientific Inc. (TMO) is the latest entrant in RMI US 30. The stock has a positive intermediate Jiseki. The stock is also above historical high levels. Thermo Fisher Scientific Inc. (TMO) (Thermo Fisher) is engaged in serving science. It operates in three segments: Analytical Technologies, Specialty Diagnostics and Laboratory Products and Services. It serves its customers […]
Q: How did JM Financial move up 23% in 27 days? A: JM Financial was positive on Jiseki and Review level filter.
The amplitude is the measurement of change between two extreme values. To measure the size of change in Nifty ( Sensex) over 2013 is an amplitude exercise. Could Nifty deliver a stellar performance this year? It is tough to measure outliers. To understand how high a rocket can go or how large a fire blast it makes in […]
There is nothing wrong with metals. It is we who don’t have a real perception of them. The regular investor who is so equity-focused, a bit fixed income-focused is a bit aware of gold and oil prices and that’s where it stops. When it comes to commodities or say metals, one has to cross the […]
The plot below displays BSE Oil & Gas and Sensex. The plot below displays the relative performance of Bse Oil & Gas vs Sensex. Here we have made a comparison of returns of BSE Oil & Gas Sector Index with Sensex. The red line illustrates the relative performance of BSE Oil & Gas vs. […]
While our counterparties have been busy defending their negative sentiments, markets have crept higher. Now our fellow bears would say that, “So what if we have crept higher, there is supply overhang that is still there. A multi-week break of resistance does not mean that the multi-month resistance has vanished. Look at the Dow, even […]