The first 2 weeks of April have been listless and dull. Exactly how the results months play out flat and in a range. Despite the correction, there are many stocks hitting new 52 week highs. Let us see what next for the markets.
1. The pace of correction is gentle at best and that implies it is just a correction then anything more. 9119 the previous high will become a strong support for the markets.
2. The previous fall was from 9218 to 9019 approx 200 points. If we look at equality current fall should end at 9072 max.
3. Geo political tensions have increased in Syria and with North Korea but no one seems to be interested in aggravating tensions. Apart from token attacks, the things seem to quieten down without too many fireworks taking place.
4. International markets also are flat and listless.
5. I expect 1 last up move before a decent correction. The market is looking sluggish but one last up move, a burst of glory can be expected.
6. Now, and in this up move is the time to book profits.
7. Sell in May is the old adage and this time it may prove true. Part booking of profits and buying the same stocks back at ower levels thereby reducing the cost acquisition is recommended.
1. The pace of correction is gentle at best and that implies it is just a correction then anything more. 9119 the previous high will become a strong support for the markets.
2. The previous fall was from 9218 to 9019 approx 200 points. If we look at equality current fall should end at 9072 max.
3. Geo political tensions have increased in Syria and with North Korea but no one seems to be interested in aggravating tensions. Apart from token attacks, the things seem to quieten down without too many fireworks taking place.
4. International markets also are flat and listless.
5. I expect 1 last up move before a decent correction. The market is looking sluggish but one last up move, a burst of glory can be expected.
6. Now, and in this up move is the time to book profits.
7. Sell in May is the old adage and this time it may prove true. Part booking of profits and buying the same stocks back at ower levels thereby reducing the cost acquisition is recommended.
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