TIMSCI was hovering around moving averages and did not provide rewarding entry. No trade was taken. [photopress:15_min_timsci.jpg,full,centered]

Good morning! Bulls made a cheat yesterday on Dow futures. It headed up in the opening, and pressed by bears. I did not make any trade yesterday. A quick one. SIMSCI is moving above intrady moving average. Though I see some weakness in the uptrend, it is not strong enough for me to go Short. […]

It was an choppy day for DJ. No trade was done yesterday. SIMSCI and TIMSCI look interesting. Both opened low and starts moving up. Though the regional market sentiment is rather flat at the moment. I will only look at Long side if I were to establish any position for this morning.

‘Crude futures rise after steeper-than-forecast decline in U.S. gasoline inventories’ ‘Oil prices rise after gasoline inventory shortfall.’ Are these news related to day trading? Well, it might be. At least , I am seeing intraday Dow futures starts to turn down and in fact broken uptrend line. Though I have yet to have complete setup […]

I am looking forward to a ‘do-nothing’ day again for SG futures market. I am not interested in trading in this condition i.e moderate U.S gain, flat opening in Nikkei and low volume in local futures market. It is difficult to find high-R trade in the market with these conditions.