Passionate about stocks 📈 Capturing moments through photography 📷 Delving into thought-provoking books 📚 and exploring the depths of philosophy 🤔
Joined July 2018
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So guys, I wrote something on Substack. Earlier it was only stock market related, now I'm writing everything and anything that comes to my mind.
Do give it a read and let me know if you liked or hated it.
open.substack.com/pub/theave…
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$GOOG
At strong support level. Looks like a good level to add for long term. And will be a great shorting opportunity below 270.
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Market Quadrant 45/2026
With Trump losing the midterms and the Indian government waking up to the need to bring back the FIIs, the large-cap indices are on a roll, while the mid- and small-cap indices are playing second fiddle. Still, it is not an easy environment to trade because there are hardly any conventional swing structures available.
In such V-shaped/lockout rallies, the best risk-to-reward stays with index ETFs, while the more versatile traders shift to futures or move to lower timeframes to find entry points with decent risk-reward. But traders with only one setup in their playbook feel the heat and get no choice but to sit out & wait.
The ideal progression most traders would like to see from here is a pause in this up-move that allows low-volatility swing structures to develop. More often than not, markets do the exact opposite of what most expect. So I won’t be surprised if the market keeps moving higher without letting us catch our breath, or conversely, we get a ‘buy on rumor, sell at news’ kind of anticlimax once the LTCG tax revision is actually announced.
Another second-order effect of such lockout rallies is the rise in smug voices from relatively more accomplished traders who mock those who can’t participate. This is totally uncalled for. Anyhow, once broader participation starts, rockets start flying left & right, and all this pettiness is forgiven. May we reach there soon.
⦿ Bias → Bear
From a long-term perspective, we remain in a bear market, as more than 50% of stocks stay below their 200-day SMA.
⦿ Trend → Sideways
52-week Net New Highs have been consistently positive for the past 3 days, but most stocks have consistently remained below their 50-day MAs.
⦿ Swing → Upswing
The MBI turned green. About 75% of all stocks are trading above their 10-day MA. 10-day breadth exceeds 20-day breadth.
⦿ Momentum → Negative but improving
While almost all the indices are having positive & improving momentum, IT, Services, Pvt Bank, Realty, Auto, Infra, Capital markets are the leading ones.
That's all for this week.
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