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pl hv a look at US intra levels - 2nd may 2012

US intra trading levels ... spot rates ......

weekly trading levels for world indices / commodities ...

^{Trading levels 30th April / 4th May 2012}

^{We had smart global cues … US markets were positive last 4 days … enthused by strong corporate results from Apple / Amazon and other cos. That 2.5 % rally meant that we had occasional pockets of strength in our markets as well. In spite of that we ended the week about 1.5 % lower …..}

^{S&P has sounded alarm bell on three counts CAD – current account deficit / Fiscal deficit and Inflation.}

^{Since hitting the high of 5630 on 22nd February, we have been hitting lower tops and reversing …. The average trading range for the day is also contracting. All this is suggesting that something is going to snap somewhere.}

^{The corporate results have been just about average so far and normally the later results are NOT GOOD. I see a greater possibility of a fairly strong down move to emerge out of this slow grind pushing Nifty towards 5000 in the weeks to come. 4 % cut on Nifty will mean up to 10 % cut on some large-caps and popular mid-caps.}

^{Be ready with your cash in hand to BUY at these valuations.}

^{I expect that global cues may subside in coming week and that will put some pressure on INDICES.}

US intraday levels ...

look at some intra levels for US markets ....