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• Short rallies
  Posted by vinaydh on February 1st, 2010 at 10:34 pm, Comments: 0

  This is not the market to be in love with the long side or catch falling knives. The leading stocks have started falling apart. GOOG has been weak for weeks now. AAPL, AMZN too have started sliding in right earnest. I think it's way too early to talk of a bottom in the market.
  I am amused [...]

  
  

• The writing is on the wall
  Posted by vinaydh on January 25th, 2010 at 10:57 pm, Comments: 0

  Market has a different feel to it these days. The pullback is still not deeper than some of the other pullbacks but still the quickness of this move is a first since this uptrend started. That in itself is a big red flag for this rally. I think the odds of this turning into a [...]

  
  

• Caution is warranted now
  Posted by vinaydh on January 21st, 2010 at 10:44 pm, Comments: 0

  I was worried that all those looking for 1160+ may get trapped and my worst fear has come to fruition. I have gone bearish thrice since the March' 09 bottom and was forced to retract back in a week or two. Every time it felt different to me but it eventually turned out to be a [...]

  
  

• Market wants you to take a stand
  Posted by vinaydh on January 20th, 2010 at 10:44 pm, Comments: 0

  In this market the choice is very clear. If one takes a stand one can at worst loose money but if one doesn't take a stand one would loose money as well as sanity. It's better to stick to one's bias rather than jump around with every market antic. The most a bull or a [...]

  
  

• No change in bias
  Posted by vinaydh on January 18th, 2010 at 8:34 pm, Comments: 0

  I still think that this market will see 1160+ before we see a 5+% correction. But there is also a possibility that the market might trap all those who are thinking the same way. Next two weeks will be dictated by the earnings results. If 1160+ coincides with AAPL earnings or tablet event then it would [...]

  
  

• Market is on track
  Posted by vinaydh on January 13th, 2010 at 6:56 pm, Comments: 0

  I thought that GOOG news about pulling out of China might derail the rally but it didn't. It seems most of the sell off in GOOG was already over by the time we ordinary mortals came to know of the news. Market is on track to go over 1160. Earnings season kicks into high gear [...]

  
  

• Market is on a roll
  Posted by vinaydh on January 10th, 2010 at 7:31 pm, Comments: 0

  There is nothing to dislike about this market from the long side. This market is on a roll. The next upside objective is 1167. I think we may see a quick profit taking bout after that but that would provide an excellent opportunity to get long again.
  The jobs report on Friday was a little disappointment [...]

  
  

• Market on strong footing
  Posted by vinaydh on January 5th, 2010 at 4:12 pm, Comments: 0

  Market has started the new year on a strong footing. Both Nasdaq and S&P made new highs today. The volume too has returned back after the holidays.
  We are entering a tricky period now as it's pre expiration week as well as earnings season will start in right earnest right after the expiration week. I think [...]

  
  

• December Performance Update
  Posted by vinaydh on January 4th, 2010 at 10:40 pm, Comments: 0

  The following link contains trades based on alerts from the Thinking Trades service. It includes trades that have been fully closed as of 12/31/09. On a 30k portfolio, we generated a return of 31.91% in one month. Since the portfolio was never more than 25% invested at any point of time, the return is much [...]

  
  

• Curtain falls on a tumultuous year
  Posted by vinaydh on January 3rd, 2010 at 9:43 pm, Comments: 0

  It's curtains for one of the most tumultuous years in the history of wall street. The year started with a horrific plunge that gave way to the most astounding and most unloved rally in the history of wall street. It was a year when reputations were made and destroyed in the same year. Those who [...]

  
  

• So near and yet so far
  Posted by vinaydh on December 23rd, 2009 at 1:05 am, Comments: 0

  The SPX 1120 was breached intraday but the market closed below it. I think it's only a matter of time before market overcomes the 1120 level. But then I have been saying this for quite some time but I could care less. This market is providing good trading opportunities in individual stocks.
  The next level of [...]

  
  

• Do not let the market consume you
  Posted by vinaydh on December 21st, 2009 at 12:10 am, Comments: 0

  Technical analysis is not a science. It's an art. If it were a science, someone or the other would have come up with an algorithm to corner the market. Nothing works all the time. I also use moving averages, trend lines, fibs, sector rotation and what not to form an opinion but there is no [...]