September 21, 2014

Peakprosperity.com - interesting site for bulls and bears

Just chanced upon http://www.peakprosperity.com/ when I was searching for something else.

I found it interesting for various reasons....
1.Expectations of a crash in US economy (long term)
2.Series of short simple and easy to understand videos on managing the coming crash.
3.Refreshing new way of analysing current global economy.
3.The author. Chris Martenson has an interesting bio which nicely explains his motivation to get into teaching, then financial management and his transition to an eco guru or scientist. Bio makes pleasant and worthwhile reading.


September 20, 2014

Breakouts

All charts from icharts.in

ADITYA BIRLA NUVO - Stoploss 1500

ADITYA BIRLA NUVO chart

September 19, 2014

Open positions

Best returns


Poor returns


Weekend update

NIFTY closes near high of this week. All time high is 8180 spot.

Going forward, the region of 7850-7900 is going to be an important level for trend reversals.

VIX is at record low levels and is creating fear in me just when others are getting greedy.


September 18, 2014

Signals

ANDHRA BANK - Stoploss 71

ANDHRA BANK chart

Open positions

Best returns


Poor returns


Market outlook

Trend is up with reversal level at 7540 spot... my tentative higher SL is now at 7850 spot.

VIX is at extremely low levels and I am getting worried now.


September 17, 2014

Market outlook

Trend is up with support at 7540 spot.

On my swing indicator, trend reversal will be confirmed on close below 7850 spot.

NOTE: this sell signal can sometimes lead to a whipsaw as profits to date are high at 1700+ points and after a strong trend it is normal for markets to trade sideways and thus generate false signals.

Open positions

Best returns


Poor returns


September 16, 2014