Trade Huge

Us market just up by 4 points, market unable to find direction in trade, traded in a range of 20 points up and 40 points down from its last closing of 10321, finally closed at 10,325.26

9000 Crossed
This is a very crucial level, markets went down from 8700 mark, now they bounced back from 8150 level, breaking the 9000 mark in style, dow jones currently trading at 9040 levels, this is a big leap for the markets.

Important to see how long can this level be sustained, markets have taken almost 8 months to come to this level back. Also essential to see the last week of july where the markets end up

Keep watching the 9000 mark. Be watch full before having creating any fresh short positions on the index.

Major pull back in global stock markets last week. It appeared as if market is going to consolidate for longer period due to economic worries, its just bounced back strongly, and this is sharp up move.

• Usa stock markets : Dow jones index moved from lows of 8143 to high of 8743, thats almost 600 points jump in 5 trading sessions.
• Indian stock markets : BSE index went up from 13240 to 14,800 ( closing 14,744)
• Hang Seng markets off the low from 17,194 and weekly closing 18800 , shows gain of 1800 points.
• Nikkei stocks index rose from 9050 to 9400 levels, gain of 350 points.
• Brazil’s bovespa index increased from 48,250 to 52,000 levels , gain of 3750 points.
• FTSE 100 index gained 350 points, from lows of 4050 topped at 4400 closing 4389

Important to watchout how the markets perform for upcoming week, essential to see if markets are able to sustain the upwards rally, as last time the markets went down from the current levels, currently they are back at same stage.

• Dow jones started in negetive , 50 points lower and moved on downwards by 100 points at the end of the close markets were down by 161 points Dow jones index closed at 8163 Nasdaq index at 1749 lower by 41 points.
• In last 5 trading sessions the market has fallen from highs of 8600 to 8163 points.
• Investors and moreover short term traders be cautious of trying to do bottom fishing as there are chances yet that market could go down further from these levels.
• Another firm Lear Corp announced bankrupt, this is bad news for the market, more companies are falling under chapter 11.
• Also the us markets have moved one way straight upwads direction after the lows it made of 6400, and high point the dow index reached at 8700, this is 2300 points upwards movement, so technically 550 points lower looks to be a good fall for the market, as future could be better, present situation is such that the chances for the market falling are more.

World markets see some profits being booked on the 1st day of trade, 2nd week of march

Usa Markets 

Dow jones down by 125 points, trading at 8450 levels. Financial, Energy stocks have been hit hardest in this fall.

European markets down marginally

• Ftse : 26 points lower ( trading at 4435 )
• Dax : 46 points lower ( trading at 4866 )
• Cac : 63 points lower ( trading at 3248 )

Asian markets saw slide downwards 

• Hang Seng down by 300 points ( closed at 17087)
• Nikkei remained strong with marginal upside of 20 points ( closed days trade at 9452)
• Straits Times index down about 72 points. ( closed day trade at 2166
• Bse down by 193 points ( closed days trade at 11682)

Commodities

• Gold trading at level between $909 – $917.
• Crude oil trading at range $56.81 – $58.56
• Silver trading at range $13.71 – $14.00
• Copper futures trading at range $208 – $214.15

Dow jones index nearing to 8000 levels after falling heavily almost 300 points, it came back to positive closing up by 127 points , Current close is at 7969.
Staying above 8000 will be challenging, after the recent high of 8150 it made a low of 7791 which shows trading range of about 400 points. The market is slowly coming out of the bear phase, yet there will be lot of resistance in market as selling on top levels will come across by lot of people stuck up at higher levels, also chances of temperary fresh short positions being built, market has covered lot of ground since its earlier lows of 6440, about 1750 points.

Looking forward to todays trading, must watch as

• News regarding freddie mac official who is found dead. 
• At & T Quarter 1 earnings have dropped by 9.7%
• Volkswagen AG (Germany) , europes largest car manufacturer of germany declares lower profits by 74% compared to last year figures.
• Losses Posted by Quantinental Airlines
• Boeing the largest aircraft manufacturer says its 1st quarter profit declined by 50% , due to global recession orders dropped during this period.

Dow Jones index up by almost 497 points in single trading session, markets started with 2% gains and at the end of trading session closed at highest level of the day, at 6.84% higher.

Major reason for gains was the rescue plan from obama for national credit system to take over $1 trillion mortgage securities via private investors.

Financial index gained maximum with more then 10% of upside.

This big leap has come after long time for the markets. Markets closed at 7775.86 almost 1250 points higher from its lows this month.

Asian markets are up between 3-5% , 

• Hang Seng : Up by 614 points
• Nikkei : up by 270 points
• Straight Times : Up by 70 points
• BSE : up by 400 points

Lot of resistance in markets, traders bullish to take fresh positions in the market.

Metals and commodity stocks rally due to increase in metal and commodity prices worldwide.

Following the usa markets, asian markets open low, about 1% down.

Hang Seng trading at 14877 down by 100 points, Nikkei trading at 8558 down about 75 points

Lot of volatile range bound movement, though almost flat.

At the close of the day,s trade Hang Seng, Bse gained slightly, Nikkei went down abt 100 points. Trading is difficult as investors unsure which way the market would head up ahead.

Dow Jones opened positive in opening session t later went down for then entire day, it hit a days low of 8469 and closed at 8564.5. In percentage terms it was down about 0.75%.

Last session of trade showed some recovery, still a very quiet session of trade compared to the kind of swings it has given.

Dow futures currently trading almost flat, very minor trade movements seen.