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TRW MARKET SNAP SHOT FOR JANUARY 27 2012
27 January 2012
The stock market continued its steady ascent higher, closing up 172.25 points (0.46%) and a weekly gain of 0.35% After loosing momentum on Monday and Tuesday, the markets rebounded showing a Hammer formation and continued to trend higher for the entire week, revealing very little weakness. By Thursday, 3 of the indexes actually cleared some key Negative levels back to positive while NSE Oil & Gas,FBT & Insurance remained in Red and may be signifying a big shift in the markets underlying sentiment. In fact, by the end of the week, None of the Indexes had hit their last highs.
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January 26th, 2012 Market Recap with SBUX Analysis
26 January 2012
A higher volume reversal after opening the day higher is a point of concern heading into tomorrow. Like anything though until support is broken the trend remains intact.
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THE FIRST BANK RALLY
26 January 2012
The NSE ASI rallied 172.25 points today on the Fed’s promise to keep interest rates at the present low level all the way to 2013. Ticker Date/Time Previous Price %Change YTD NSE 26/01/2012 20625.56 20797.81 0.84 0.32 NSE 30 26/01/2012 923.18 930.96 0.84 0.78 NSE BANKING 26/01/2012 263.02 265.33 0.88 -3.26 NSE F&B 26/01/2012 1675.51 1681.62 0.36 185.21 NSE INS 26/01/2012 124.35 123.6 -0.60 -13.89 NSE O&G 26/01/2012 225.47 225.47 0 2.44 Date : Thursday, January 26, 2012 Market State : Closed Index : 20,797.81 Deals : 2,701 Volume : 196,975,536 Value : N 2,186,415,844.51 Cap. : N 6,554,516,088,113.72 Fundamentals Investors were greeted with news that Firstbank is likely to pay N1.00 dividend for the fiscal year the reality of the news soon set in and spurred bargain hunters to step in, lifting the market all the way to its close. I ndeed, investors have been worried about recent troubles (which I termed Fuel Subsidy rally/Boko Haram rally) but this current info really took that concern away and gave the bulls some reason to celebrate
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Join me for the 2012 ChartPattern.com Seminar on April 28th, 2012
25 January 2012
Join me for the once a year, ultra limited seating Dan Zanger seminar. The seminar will be held at the Renaissance Airport Hotel in Los Angeles, California on Saturday April 28th, 2012.
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TRW MARKET SNAP SHOT FOR JANUARY 25 2012
25 January 2012
What started out as a pretty bearish day in the market due to continued pessimism reversed and ended up sharply bullish The NSE ASI rebounded from within a critical 20,598 support level today by over 26.89 points. This is an extremely important rebound as it established the fact that the daily 30MA acted as a good support line that might push the market up into a significant up trend
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TRW MARKET SNAP SHOT FOR JANUARY 24 2012
24 January 2012
Gainers 14, Losers 30, Unchanged 49 Ticker Date/Time Previous Price %Change YTD NSE 24/01/2012 20683.46 20598.67 -0.41 -0.64 NSE 30 24/01/2012 925.26 921.18 -0.44 -0.28 NSE BANKING 24/01/2012 264.24 260.97 -1.24 -4.85 NSE F&B 24/01/2012 1682.37 1674.92 -0.44 184.08 NSE INS 24/01/2012 125.8 125.99 0.15 -12.23 NSE O&G 24/01/2012 225.69 226.44 0.33 2.88 The NSE ASI recorded its first New Low as it continued its way down by 84.79 points closing at 20,598.67 .
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January 24th, 2012 Market Recap with Apple Earnings Results
24 January 2012
Earnings season is in full force as we all know and today had Apple ( AAPL ) reporting after the bell.
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TRW MARKET SNAP SHOT FOR JANUARY 23 2012
24 January 2012
Ticker Date/Time Previous Price %Change NSE 23/01/2012 20820.32 20683.46 -0.66 NSE 30 23/01/2012 932.24 925.26 -0.75 NSE BANKING 23/01/2012 267.73 264.24 -1.30 NSE F&B 23/01/2012 1688.79 1682.37 -0.38 NSE INS 23/01/2012 129.1 125.8 -2.56 NSE O&G 23/01/2012 228.34 225.69 -1.16 Fundamentals First of all, lets put matters into perspective.
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January 23rd, 2012 Market Recap… Complacency at Fresh Highs
23 January 2012
Nothing major from the market today as the indices closed flat on lower volume. The word floating around is that there is extreme complacency with the market currently, suggesting a pull back is looming in the very near future.
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TRW MARKET SNAP SHOT FOR JANUARY 20, 2012
20 January 2012
Gainers 16, Losers 28 Unchanged 59 The NSE ASI closed down by 92.89 points and only slightly lower as WTD stands at 0.10%. Looking at intraday charts shows the bears were largely in control for the first half of the morning before the bulls fought back brought major indices back to 20,959 points barraged by another set of Selling taking the market below Tuesdays open.
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