It is getting spooky for me. I mean, how CAN the world markets behave exactly how I SAID they would!!!!
When the headlines screamed “awesome rally” I cautioned, “KEEP AN EYE ON EARNING REPORTS“. In this post I had described how the world markets were running to catch up their immediate resistance levels before coming down on bad earning reports.
When everyone expected rally to continue, I said ” US Markets Ready for a lower closing“. In this post, I had described how U.S. markets had reached their resistance levels and that some points were still left for U.S. markets to catch up with. That is exactly how U.S. markets ended yesterday. Dow Jones closed in red whereas S&P 500 and Nasdaq notched up a few more points to end in green.
Remember when people were guessing that Apple share (AAPL) will go down now that Steve Jobs was no more? I predicted “Apple Stocks: Fools Rush in Where Angels Fear to “Trade”. Better keep a suicide- watch at Niagara Falls to stop some of those fools, who sold AAPL share on the fateful day of Steve Jobs’ death at prices as low as $355. Apple shares had TWO sessions of gap up opening and yesterday, they were trading at $400 a share, cool $45 up from the low of three sessions ago!!!
Today, be ready for the start of lowering down season in world markets. All major world indexes were precariously wobbling at their resistance levels yesterday. Today, U.S. stock futures are already down in red, Asian markets have opened negative and Indian markets are looking at a bleak earnings season starting from today with Infosys technologies’ results.
Enjoy your trading. I’m already tired by watching so many happenings in so many markets:-(((