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The Italian soap opera is back



This market corrects by going sideways. Every time breadth becomes extreme it goes in tight sideways range. 

Couple of time the range had shakeouts but reluctance to sell is key character of this move.

This is a short week with Friday being holiday. Expect today to be only trading day with some volume as people would start thinning out on Thursday.

The Italian soap opera has potential for whipsaw.
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Creeping higher moves

In the last 4 years there have been many financial crisis. The US was obviously the biggest one. Then we had trouble in Europe, Dubai, Icel...

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Bulls in control

Bulls continue to hold the edge. Every dip is a buy till it stops working. The market has settled in sideways pattern here, as a consequenc...

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Dip buyers were active

The story remains same of underlying bid, but further progress has been slow. Every time there is a minor dip buyers step in , but broad ba...

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Underlying bid

There is an underlying bid in the market. Every time it dips a bit , it bounces back quickly. The Cyprus induced gap down was quickly bough...

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Yet another shakeout

Markets are expected to open down due to Cyprus induced fear. The opening as of now does not look at bad as it looked last evening. We will...

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Mild down day

After series of up days in a row market had a down day. But it was not a deal breaker. Bulls have been in control of this tape for sometime...

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Steady uptrend

Markets had a shakeout couple of weeks ago. After that it has again established a steady uptrend and continues to act well. Most breadth ...

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Slow crawl up

Market continues to crawl up slowly. The underlying breadth has seen bit of improvement in last few days. The technology stocks continue ...

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What to watch for

Market has held up well after a brief shakeout. However many stocks are extended and most moves continue to be of smaller magnitude. Watch ...

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Choppy periods

Let us look at a broader picture to place current move in overall longer term perspective. Market bottomed in 2009 and since then has been ...