Monday 13 October 2008

Rebound

Stock markets around the world rebound...this was highly expected after the Govt intervention over the weekend. However the weak economy concerns are still there....so you have to trade very cautiously in this uncertain time. Don't get carried away by today's move....such moves fade away very quickly. What was lacking today was volume....

Some high volume stocks on BSE
TCS
SBI
L&T
ICICI
Punjab LLyod
India Bulls real estate

Some high volume stocks on LSE
RIO
AAL
XTA
SSE
SVT
BLT
NXT
UKC
GOO
VED
NG
ANTO
TUI

As you can see, most of the stocks on LSE were energy stocks and defensive (Utilities stocks). No clear leader yet. Looks like this rally will fade away soon. Stocks are just gaping up after recent fall. Wait for good opportunity. There is no clear direction yet.