Blog Posts - Ema

WTI Crude chart The previous update to the daily bar chart pattern of WTI Crude oil contained the following remarks: “… the 200 day EMA is still rising and oil’s price is trading above it. Bulls may use the support of the long-term moving a...

S&P 500 Index Chart The 6 months daily bar chart pattern of S&P 500 has resumed its up move after a sharp bull market correction from the Apr 4 peak of 1897. The index is receiving good support from its rising 50 day EMA. At the time of w...

Nifty had broken out of its 5 months long sideways consolidation within a ‘rectangle’ 2 months ago. The index continued its up move past the 6750 level – which was the upward target after the break out from the ‘rectangle’. Nifty hit an al...

Shareholders of infrastructure stocks had a rough time over the past couple of years. Most stocks suffered badly at the hands of bears as India’s economic growth slowed down and investments in infrastructure and capital goods petered off. In a pre...

Gold Chart Pattern In the previous post on the daily bar chart pattern of gold, a ‘reversal day’ pattern formed on Mar 17 ‘14 and the failure of the 50 day EMA to cross above the 200 day EMA (‘golden cross’) were mentioned as technical...

As human beings and investors, we are prone to biases in our decision making. ‘Recency bias’ clouds our minds if a recent event had caused a lot of pain – like losing money by buying or selling near a market top. Three days of profit booking b...

For the financial year ended Mar 31 ‘14, India’s exports grew by 4% (to $312.35 Bn); imports dropped by 8% (to $450.94 Bn), leading to a 27% drop in the trade deficit. However, for the month of Mar ‘14 the trade deficit rose by 29% over Feb ‘...

India’s GDP growth has been shrinking for the past several quarters due to a combination of poor governance, rampant corruption, faulty populist policies and burgeoning fiscal and current account deficits. High inflation kept interest rates high,...

WTI Crude chart In the previous post, the daily bar chart pattern of WTI Crude oil was expected to correct due to negative divergences visible on the technical indicators. Oil’s price dropped and closed below its 200 day EMA accompanied by a vo...

In a belated effort to trim its fiscal deficit, the government raised more than Rs 8000 Crores by selling stakes in Axis Bank and several PSU units. The revised divestment target – considerably lower than the earlier planned target – has been met...

Every week a few stocks make headlines for various reasons. Investors often get excited or perturbed by a sudden spurt or crash in prices, and jump in to buy or sell. That is exactly what they should not do. The trick to making money in the stock ma...

Gold Chart Pattern The daily bar chart pattern of gold consolidated sideways between 1330 and 1350 for 7 trading sessions during which it managed to close above its 200 day EMA every day. On Wed. Mar 12, gold’s price broke out above 1350 on str...

There was good news and bad news last week. First the good news. Both CPI and WPI inflation are coming down - due to lower food prices and higher base effect. The IIP number was marginally positive at 0.1% – not really good, but better than being n...

S&P 500 Index Chart The bull rally from the Feb ‘14 low of 1740 continued unabated. The daily bar chart pattern of S&P 500 rose to touch new lifetime intra-day and closing highs on Mar 7 ‘14. The selling on Mon. Mar 3 – triggered by...

Gold Chart Pattern The daily bar chart pattern of gold has been rallying strongly for the past 8 trading sessions – gaining almost 140 points from its Dec ‘13 low. The 20 day EMA has crossed above the 50 day EMA. The 50 day EMA has formed a s...

Lower food prices caused a percentage point drop in both WPI and CPI inflation to multi-month lows. RBI may be inclined to keep interest rates unchanged though GDP growth remains below 5%. Once food prices start increasing again during the summer mon...

S&P 500 Index Chart The following cautionary comment was made in last week’s analysis of the daily bar chart pattern of S&P 500: “The index seems to be forming a bearish ‘flag’ pattern from which the likely break out is downwards.

WTI Crude chart Two weeks back, the 6 months daily bar chart pattern of WTI Crude oil had broken down from a bearish ‘rising wedge’ pattern below all three daily EMAs, and seeking support from its longer-term 200 week EMA (not shown on chart)...

S&P 500 Index Chart In last week’s post, the daily bar chart pattern of S&P 500 seemed to be in complete control of bulls as it touched a new lifetime high of 1851. However, there were technically bearish signs that warned of a serious...

For the second week in a row, there was a strong sell-off on the last day of the week. Both Sensex and Nifty indices withstood the onslaught by bears and managed to stay in bull territories (i.e. above their daily and weekly EMAs). Q3 results decla...

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