Technical Analysis and Trading Psychology Seminar on 24th August 2019 -By Anirudh Sethi

From Morning 11 AM till 3 PM

(Will have Lunch together and will chat )

Trading levels -Intraday levels (How to find ? )

Trading Secret Formula’s 

Trading Psychology -Tricks (Screen Reading )

Question & Answer session.

Seats TOTAL : 150

To know More Details Send mail to :Iamanirudhsethi@gmail.com

PLACE :Baroda (Gujarat )

Technically Yours / 24 x7 x 365 days

Upcoming Technical Analysis and Trading Psychology Seminar on 20th July -By ANIRUDH SETHI ,Place Baroda

Image result for trading seminars in mumbai

Place :Baroda -Gujarat

Date :20th July 2019

Time : 10:30 am TILL 3 /4 pm 

Lunch & Tea +++Many more surprises 

Number of Seats : 250 (First come First basis )

Enroll before 10th June 

Technical Analysis + Trading Psychology + Q &A Session and one surprise for all Traders who will attend.

U will get some secret formula’s and unknown facts about Indicators and many more things.

To know more :Join send mail

Iamanirudhsethi@gmail.com 

Technically Yours 24 x 7 x 365 days !!

Wisdom from Gerald Loeb

1. The most important single factor in shaping security markets is public psychology.

2. To make money in the stock market you either have to be ahead of the crowd or very sure they are going in the same direction for some time to come.

3. Accepting losses is the most important single investment device to insure safety of capital.

4. The difference between the investor who year in and year out procures for himself a final net profit, and the one who is usually in the red, is not entirely a question of superior selection of stocks or superior timing. Rather, it is also a case of knowing how to capitalize successes and curtail failures.

5. One useful fact to remember is that the most important indications are made in the early stages of a broad market move. Nine times out of ten the leaders of an advance are the stocks that make new highs ahead of the averages.

6. There is a saying, “A picture is worth a thousand words.” One might paraphrase this by saying a profit is worth more than endless alibis or explanations…prices and trends are really the best and simplest “indicators” you can find.

7. Profits can be made safely only when the opportunity is available and not just because they happen to be desired or needed.

8. Willingness and ability to hold funds uninvested while awaiting real opportunities is a key to success in the battle for investment survival.-

9. In addition to many other contributing factors of inflation or deflation, a very great factor is the psychological. The fact that people think prices are going to advance or decline very much contributes to their movement, and the very momentum of the trend itself tends to perpetuate itself.

10. Most people, especially investors, try to get a certain percentage return, and actually secure a minus yield when properly calculated over the years. Speculators risk less and have a better chance of getting something, in my opinion.

11. I feel all relevant factors, important and otherwise, are registered in the market’s behavior, and, in addition, the action of the market itself can be expected under most circumstances to stimulate buying or selling in a manner consistent enough to allow reasonably accurate forecasting of news in advance of its actual occurrence. The market is better at predicting the news than the news is at predicting the market

12. You don’t need analysts in a bull market, and you don’t want them in a bear market.

Reports Deutsche Bank missing out on 500 million euros in income due to problem derivatives

Reuters cite unnamed source (“three bank insiders”) for this

  • Deutsche Bank missing out on 500 million euros in income due to problem derivatives
  • plans auction of equity derivatives portfolio
  • Deutsche Bank long-dated derivatives will be hard to sell without discounts

Reuters on Deutsche Bank turnaround strategy

  • rests in large part on shedding 288 billion euros of unwanted assets
  • Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year

BRB with a link for more

Deutsche Bank

When you are trading crypto, who has time to eat? Even with Warren Buffett

Justin Sunfounder of the cryptocurrency platform TRON and current CEO of BitTorrent had bid $4.57 million to have lunch with legendary investor Warren Buffett.

But he has postponed his lunch date!
Chinese media (Caixin) reported that there have been calls for an investigation into Sun. In which case Chinese  could prevent him leaving the country for anywhere between a month to a year. The report said Sun’s whereabouts were unknown
Sun posted a video of himself in San Francisco (debate rages if its fake or not) to prove he had not been detained in China. Apparentlly he didn’t keep the lunch appointment as he is ill.
Get well soon!
Justin Sunfounder of the cryptocurrency platform TRON and current CEO of BitTorrent had bid $4.57 million to have lunch with legendary investor Warren Buffett.

US stocks close at session highs

S&P, Nasdaq close near session high

The US stocks are going out at session highs.
The final numbers are showing:
  • The S&P index is closing up 20.44 points or 0.68% at 3005.47.  That is just off the highs at 3005.90
  • The Nasdaq is closing up 47.264 or 0.58% at 8251.40. The high reached 8251.828
  • The Dow is closing up 177.29 or 0.65% at 27349.19. The high reached 27368.81.

European shares end the session with solid gains

Most major indices up over 1%. UK FTSE lags as they digest PM Johnson

The major European shares are ending the session with solid gains, with most of the indices enjoying gains over 1% on the day.
The provisional closes are showing:
  • German DAX, +1.8%
  • France’s CAC, +1%
  • UK’s FTSE, +0.7%
  • Spain’s Ibex, +1.5%
  • Italy’s FTSE MIB, +1.01%
In the European debt market, the 10 year benchmark yields are ending the session with mixed results:

Most major indices up over 1%. UK FTSE lags as they digest PM Johnson

In other markets as it European traders look for the exits:
  • spot gold is down $-2.80 or -0.20% at $1422.20
  • WTI crude oil futures are trading unchanged at $56.22
In the US stock market, the major indices have given up some of their gains. The Nasdaq is trading above and below the unchanged level currently
  • S&P index +0.16%
  • NASDAQ index, -0.02%
  • Dow +0.17%

In the forex, the USD is the strongest of the majors with solid gains vs the EUR, AUD and NZD, the NZD is the weakest:

IMF lowers global growth forecast to 3.2% from 3.3%

The latest forecasts from the IMF

The latest forecasts from the IMF
The previous round of forecasts were in April:
  • 2020 global growth to 3.5% from 3.6%
  • US to 2.6% vs 2.3% prior
  • 2020 US growth 1.9% vs 1.9% prior
  • Eurozone 1.3% vs 1.3% prior
  • 2020 Eurozone raised to 1.6%
  • China 6.2% vs 6.3% prior
  • 2020 China 6.0% vs 6.1% prior
  • Canada 1.5% vs 1.5% prior
  • Germany 0.7% vs 0.8% prior
  • 2020 Germany to 1.7% vs 1.4% prior
  • Italy +0.8% vs +0.1% prior
  • Advanced economies 1.7% vs 1.8% prior
  • Emerging markets 4.7% vs 4.4% prior
  • 2020 emerging markets 4.7% vs 5.0% prior
  • World trade volume lowered to 2.5% vs 3.4% prior
  • Full report
In April, the IMF lowered its forecasts. Since October, this is the fourth downgrade in global growth and the statement said downside risks have intensified going forward, noting trade.
“The projected growth pickup in 2020 is precarious, presuming stabilization in currently stressed emerging market and developing economies and progress toward resolving trade policy differences,” the report says.
They noted that fixed investment is particularly soft, even in places where growth has surprised to the upside. They note high inventories in the UK and US.

Analysts warn Johnson victory has increased no-deal Brexit risk

Moody’s and Goldman Sachs have both warned that Boris Johnson’s victory in the race to become the UK’s next prime minister has increased the likelihood of an economically damaging no-deal Brexit.

The rating agency, which earlier this month warned no-deal would likely lead to a recession, said the risk of a credit-negative crash out of the EU has risen.

“Any Brexit compromise now seems less likely,” Moody’s said in a report released soon after Mr Johnson was named as the UK’s next prime minister at an event in central London, securing nearly two-thirds of votes from Conservative party members.

“Our view remains that a no-deal Brexit would have significant negative credit effects for the UK sovereign and related issuers,” the ratings group said.

US bank Goldman Sachs raised its forecasts of a no-deal Brexit from 15 per cent to 20 per cent following Mr Johnson’s election. “With Boris Johnson at the helm, the tail risks are likely to intensify ─ well into October,” said the bank’s economists.

Goldman sees the odds of a negotiatied Brexit deal at 45 per cent and no Brexit at all at 35 per cent. Continue reading »

Chinese carmaker BAIC takes 5% stake in Daimler

China’s BAIC has bought a 5 per cent stake in Daimler for about €2.5bn in a move analysts said was aimed at cementing the carmaker’s partnership with the German luxury automotive group and preventing rival Geely from undermining the alliance.

BAIC chairman Xu Heyi said in a statement that the investment was intended to strengthen the company’s ties with Daimler, which has held a stake in the Chinese carmaker’s Hong Kong-listed arm, BAIC Motor, since 2013.

Chinese carmaker Geely, which owns Volvo Cars and Lotus, acquired a 9.69 per cent stake in Mercedes-Benz-manufacturer Daimler for $9bn in early 2018 in a sign of the group’s global ambitions.

“BAIC sees Geely as a threat. The joint venture between Daimler and BAIC is the core of the group’s business,” said John Zeng, managing director of research group LMC Automotive Shanghai.

China’s passenger vehicles market, the largest in the world by sales of new vehicles, shrank last year for the first time since the 1990s because of a reduction in buyer subsidies and weak consumer confidence.

Sales have continued to decline in the first half of 2019. But luxury foreign brands have been less affected by the downturn than cheaper marques, making Chinese manufacturers increasingly dependent on foreign joint ventures for profits.

Mercedes-Benz sold more than 650,000 cars in China last year and just under 350,000 in the first half of 2019.

Although BAIC manufactured Daimler’s combustion engines in China, Geely’s involvement with the German carmaker represented a long-term threat, Mr Zeng said.

Geely and Daimler formed a smart car joint venture in March, which will build electric Smart cars in China to be sold globally. Continue reading »

Russia says that its aircraft did not violate South Korean airspace

Comments by Russia’s defence ministry

  • Russian strategic bombers did not violate airspace of other countries
  • Says that South Korean military planes crossed the path of Russian aircraft
  • That created a threat to their security
  • Says South Korean pilots did not communicate with Russian strategic bombers
  • Adds that it is not the first time South Korea has tried to interfere with Russian military flights over neutral waters
As is always the case with these geopolitical incidents, it’s a “your word versus mine” kind of thing. I doubt this will escalate into anything too serious but it’s good to stay abreast of the developments just in case.