⦾ SPX at ATH

⦾ Trump gate crashed and tanked Nifty’s New Year bash

⦾ Gold-Silver on the move again, bears trapped

⦾ Never short a stock (or commodity) in Stage 2

⦾ Back to cash once again wrt Indian equities

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Global Markets

YTD Performance

SPX50 : at ATH

US100 : near ATH

Nifty50 : back to stage 3

3-Macros

$₹ / Gold / Oil

We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil

USD/₹ : consolidating, above 10wma

Gold : consolidating, above 10wma

Oil : in downtrend

The Market

CNX500

CNX500 : Weekly Chart

Back to Stage 3

Tracking Leadership

Indices, Sectors, Industries

We track leading indices on YTD basis and Leading Themes on Sector and Industry Level

Leading sectors : Telecom, Defence, Bank

Leading industries : Auto (motorcycles), transmission, Pvt banks

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Investment ideas for next week

As the broad market is back into Stage 3 we’re back into cash. This usually happens until we cross the ATH in CNX500. This is one reason i dont track Nifty 50 but CNX500 for the right signal and to determine the strength in the market.

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Your job as an investor is to find the next apple and handle it well.