⦾ S&P500 expectation breaker, back in Stage 2A
⦾ US tech stocks back in action
⦾ Silver punches new ATH, multi-year breakout
⦾ 5 stock ideas for next week
Global Markets
YTD Performance
Global indices how in an uptrend while Nifty50 punches new ATH.
Broad market still not supportive. Need more New Highs from stocks.
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : hovering at ATHs
Gold : Back to moving higher
Oil : Continues in downtrend
The Market
CNX500
CNX500 : Weekly Chart
We’re still in Stage 2A and still in the handle waiting for a decisive breakout…but…there’s no impetus for this to happen.
6 weeks into consolidation now
We’re in a 10,000 point massive Flag & Pole.
Tracking Leadership
Indices, Sectors, Industries
We track leading indices on YTD basis and Leading Themes on Sector and Industry Level
YTD Leaders : Psubanks, Defence, Metal
Leading sectors : Indices, Auto, Energy
Leading industries : Engines, Auto, Refineries
Investment ideas for next week
SPX500 is back into Stage 2A with an expectation breaker last week.
Silver is trying to catch up Gold’s move in 2025.
Will start a few pilot positions next week to see if these are working to then start building.
Senores
Daily Chart
Atherenerg
Daily Chart
BLSE
Weekly Chart
Yatra
Weekly Chart
IMFA
Weekly Chart
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