Rebound in the stock market to run into overhead supply, with more downside to follow. Investors may become more bearish as the doom and gloom crowd gets louder.
U.S. stocks took a breather from the huge momentum swings of historic drops and rebounds to extend on yesterday's gains. Investors may be looking to find a bottom and buying opportunities.
News that European authorities are devising a plan to shore up big banks threatened by the region's debt crisis helped ignite a strong rebound in the substantially oversold Hong Kong market.
China might see a technical rebound after a 20% swoon since early August. But there won't be a sustained recovery until the overhang of possible Greek default is eliminated.
Healthy rebounds in European and U.S. markets and commodity prices ignited a sharp rally in Hong Kong amid increased turnover. However, heavy redemption pressure on mutual funds will make the rally hard to sustain.
The key domestic benchmarks trimmed some of their earlier gains but were still trading higher today tracking a strong rally in Asian stock markets which rose as speculation of a Spanish bailout and upbeat US data lifted sentiment, spurring demand for risky assets. Stocks rose after Germany signaled that it is open to the idea of Spain seeking funding from Europe's bailout funds, easing concerns over Europe's debt turmoil. Robust US corporate earnings and a rebound in US industrial production last month signaled a pickup in the world's largest economy, bolstering sentiment.
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Investors are probing for a comfort level in stocks, but this means more volatility ahead for stocks. Stocks may see a short term rebound as investors shop for value buys.
Hong Kong rebounded strongly from Tuesday's massive decline, following U.S. markets higher. Blue chips broke back above the 20,000 level at one point but fell back on profit-taking.
Stocks ended higher on Monday as investors rebounded from one of the most volatile weeks in Wall Street history. All 10 sectors closed higher as stocks may be in rally mode.
Hong Kong blue chips opened 85 points higher following gains on Wall Street, but lost ground in profit-taking. Chinese stocks could see a technical rebound this week.
Wall Street is trading higher today as hope that the ECB may be getting a firmer handle on the financial crisis. In the U.S., Congress is gridlocked once more on spending.
Wall Street continues rally as investors regain hope on a resolution in Europe and the U.S. staves off another shutdown risk. Commodities also rebound after major drops.
Wall Street continues rally as investors regain hope on a resolution in Europe and the U.S. staves off another shutdown risk. Commodities also rebound after major drops.
Fear trumps all in the current market for China stocks. The gateway market of Hong Kong fell sharply again Monday in active, volatile trading despite the presence of conditions for a rebound.
Wall Street was bouncing back and forth between gains and losses, but finished the day with a strong bull rally to end the trading session. Financials and energy stocks led the charge.
The stock market recovered from yesterday's massive drop, but is still susceptible to major swings up and down. The Fed is expected to speak on whether it plans to react.
Dismal economic data and recession concerns dragged the market lower today, but stocks bounced higher on a late-session rally. Tech stocks lead all gainers.
Investors have seen in recent days that this market has shown the ability to generate wild swings up and down, whipsawing many investors and traders into oblivion.