Blog Posts - Ema



Nifty chart: a midweek technical update (Dec 14 '16)

FIIs have turned bears once again. Their net selling in equities crossed Rs 29 Billion during the first three days of trading this week. DIIs were net buyers of equity worth only Rs 1.2 Billion. Nifty has shown remarkable resilience despite strong se...

WTI and Brent Crude Oil charts: bulls run amok as OPEC and non-OPEC countries agree to cut crude production from Jan '17

WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil had formed a 'reversal day' bar (higher high, lower close) on Nov 22. That triggered a correction below all three EMAs into bear territory.On Nov 30, oil's price bounced up wit...

S&P 500 and FTSE 100 charts (Dec 09 '16): bulls rule once again

S&P 500 index chart patternThe following were the concluding comments in last week's post on the daily bar chart pattern of S&P 500: "Some more correction to test support from the rising 20 day EMA can't be ruled out. However, the index shoul...

Ēma Deliciousness

My best friend and I wanted to grab a nice dinner on a Monday night. She suggested Ēma. It was a delightful experience. Read on to get all the details! Ēma is a Mediterranean restaurant at 74 W. Illinois in Chicago’s hip River North area. The...
by Five Foot Nothing Shopping on Dec 7, 2016

Nifty chart: a midweek technical update (Dec 07 '16)

FIIs were net sellers of equity on Mon. Dec 5, while DIIs were net buyers. The roles reversed during the next two days, as FIIs turned net buyers and DIIs became net sellers. For the three days, FII net buying was worth only Rs 0.38 Billion and DII n...

S&P 500 and FTSE 100 charts (Nov 25 '16): poised for corrections?

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 soared past its previous high of 2194 without a care in the world and touched a new lifetime high of 2213 during a holiday-shortened trading week.The index is trading well abov...

Sensex and Nifty charts have formed intermediate bottoms (Nov 25 '16)

Selling by FIIs abated a little during the week gone by. Their total net selling in equities was Rs 54.1 Billion, as per provisional figures. DIIs bought heavily. Their total net buying in equities touched Rs 61.9 Billion.Both Sensex and Nifty breach...

S&P 500 and FTSE 100 charts (Nov 11 '16): relief rallies face bear resistance

S&P 500 index chart patternThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "All three daily technical indicators are looking oversold, which can trigger a pullback towards the...

BSE Sensex and NSE Nifty charts (Nov 11, 2016): turning bearish after 'flag' patterns get breached on the downside

In a full week of trading, FIIs were net sellers of equity worth Rs 39 Billion, as per provisional figures. DIIs couldn't quite match them, as their net buying in equities totalled Rs 29 Billion.Sensex lost 1.4% while Nifty lost 1.6% on a weekly clos...

WTI and Brent Crude Oil charts: correct sharply below large rising wedge patterns

WTI Crude Oil chartThe following comment appeared in the previous post on the daily bar chart pattern of WTI Crude Oil: "The entire rally since the Aug '16 low may be forming a large 'rising wedge' pattern from which the likely breakout is downwards.

S&P 500 and FTSE 100 charts (Nov 04 '16): fall sharply below descending triangle patterns

S&P 500 index chart patternThe following comments were made in last week's post on the daily bar chart pattern of S&P 500: "A breakdown below the 'descending triangle' pattern and a test of support from the rising 200 day EMA appears imminent...

Nifty chart: a midweek technical update (Oct 26 '16)

News of the surprisingly unceremonious sacking of the Tata Sons Chairman sent a shock wave through the Indian stock market. The initial reaction was a sell-off in most of the stocks of Tata companies.As Cyrus Mistry refused to back down wit...

S&P 500 and FTSE 100 charts (Oct 21 '16): consolidating after bouncing up from support levels

S&P 500 index chart patternThe daily bar chart pattern of S&P 500 dropped towards the support level of 2120 on Mon. Oct 17, but bounced up. However, bulls couldn't make much headway during the rest of the week as the index faced strong r...

Gold and Silver charts: break down below 'descending triangle' patterns into bear territories

Gold chart patternThe daily bar chart pattern of Gold broke down sharply below the 'descending triangle' pattern on Oct 4. After receiving only brief support from its 200 day EMA, gold's price dropped below the support level of 1260 on Oct 6.The next...

BSE Sensex and NSE Nifty charts (Sep 30, 2016): border skirmishes trigger strong bear attacks

For the month of Sep '16, FIIs were net buyers of equity worth Rs 3300 Crores and DIIs were net buyers of equity worth Rs 2000 Crores, as per provisional figures. Yet, Sensex and Nifty closed 2% lower for the month.Taking advantage of panic selling o...

BSE Sensex and NSE Nifty charts (Sep 23, 2016): bears grudgingly yield ground

FIIs were net buyers of equity on Mon., Wed. and Thu. but their net selling on Tue. and Fri. took their net selling for the week to Rs 720 Crores, as per provisional figures. DIIs were net sellers on Mon. and Wed. but were net buyers on the othe...

Nifty chart: a midweek technical update (Sep 21 '16)

FIIs were net buyers of equity on Monday and Wednesday (worth Rs 400 Crores), but turned net sellers on Tuesday (worth Rs 1150 Crores). DIIs did the exact opposite. They were net sellers on Monday and Wednesday (worth Rs 480 Crores), but were net buy...

Gold and Silver charts: recovering after month-long bear attacks

Gold chart patternThe following warning note was sounded in the previous post on the daily bar chart pattern of Gold: "A drop towards the 50 day EMA is a possibility before gold's price can move higher."Gold's price corrected below its 50 day EMA but...

Nifty chart: a midweek technical update (Aug 31 '16)

After last week's selling (probably on concerns of an interest rate hike by the US Fed), FIIs have been net buyers of equity this week - worth Rs 1530 Crores. As per provisional figures, DIIs joined the buying spree with net buying worth Rs 1350 Cror...

S&P 500 and FTSE 100 charts (Aug 26 '16): bears trying to get on top

S&P 500 index chart patternNegative divergences visible on technical indicators in last week's post on the daily bar chart pattern of S&P 500 had hinted at a correction.The index touched a slightly lower top of 2193 on Tue. Aug 23 and formed...


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