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@danjayanaada: You would be doing this forum a favor by sharing the contents of CT's report here - if you do not mind, of course...danjayanaada wrote:Hi all....CT had report call TIME TO BUY in this morning. I seen it.
Antonym wrote:@danjayanaada: You would be doing this forum a favor by sharing the contents of CT's report here - if you do not mind, of course...danjayanaada wrote:Hi all....CT had report call TIME TO BUY in this morning. I seen it.
im struggling to find a confluence over this statement and current Crisis in CSE...indices are DOWN we are not overly influenced by US economy..couple of days ago i tried to get some import and export data from official govt websites.what i was able to find data compiled upto 2002. any fundas have latest info...nkuda wrote:Technical Analytical Outlook
Market should Rise As A Response To The Good News In US and Foreign inflows!!!
Good news from the US may provide the required trigger to boost our local market which was crawling sideways during the recent past. Federal Open Market Committee (FOMC) announcement of the end of the recession in the US is definitely great news for Sri Lanka because of our strong trade relationship with the largest economy in the world (mainly because of apparel exports). Very large Foreign purchases of JKH may happen today pumping a colossal amount of foreign currency into the local market. Foreign and local funds and high net worth individuals are now fully convinced that the market has already seen its bottom (pl. see the index charts attachment). The problems with the ATS7 system are still hampering large scale retailer participation at the market.
Central bank’s monetary policy committee left the interest rates unchanged but revised down the growth estimates for 2012 to 7.2%. Lobbying in Geneva is continuing to prevent the UNHRC from bullying our Government unnecessarily.
Tuesday’s horizontal slide brought the RSI’s of the ASI & MPI daily charts to 44 & 53.
US market reached the highest point reached since 2007 yesterday on the announcement made by the FOMC of the sharp rise in retail sales officially ushering in the end of the nearly five year long recession. as expected strong BUY signals appeared on both S&P 500 and DJIA celebrating the end of the recession that had ripple effects throughout the world. All the global markets have risen sharply on the good news of the end of the recession in the world’s largest economy (pl. see the index charts attachment).
traderathome wrote:im struggling to find a confluence over this statement and current Crisis in CSE...indices are DOWN we are not overly influenced by US economy..couple of days ago i tried to get some import and export data from official govt websites.what i was able to find data compiled upto 2002. any fundas have latest info...nkuda wrote:Technical Analytical Outlook
Market should Rise As A Response To The Good News In US and Foreign inflows!!!
Good news from the US may provide the required trigger to boost our local market which was crawling sideways during the recent past. Federal Open Market Committee (FOMC) announcement of the end of the recession in the US is definitely great news for Sri Lanka because of our strong trade relationship with the largest economy in the world (mainly because of apparel exports). Very large Foreign purchases of JKH may happen today pumping a colossal amount of foreign currency into the local market. Foreign and local funds and high net worth individuals are now fully convinced that the market has already seen its bottom (pl. see the index charts attachment). The problems with the ATS7 system are still hampering large scale retailer participation at the market.
Central bank’s monetary policy committee left the interest rates unchanged but revised down the growth estimates for 2012 to 7.2%. Lobbying in Geneva is continuing to prevent the UNHRC from bullying our Government unnecessarily.
Tuesday’s horizontal slide brought the RSI’s of the ASI & MPI daily charts to 44 & 53.
US market reached the highest point reached since 2007 yesterday on the announcement made by the FOMC of the sharp rise in retail sales officially ushering in the end of the nearly five year long recession. as expected strong BUY signals appeared on both S&P 500 and DJIA celebrating the end of the recession that had ripple effects throughout the world. All the global markets have risen sharply on the good news of the end of the recession in the world’s largest economy (pl. see the index charts attachment).and would appreciate if any1 could post it here.
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Government’s active intervention is needed now more than ever before.
The Rupee may strengthen a bit this week with some foreign inflows coming in.
Capital TRUST Research research@capitaltrust.info
well said.aj wrote:This is one of the stupidest broker report producers? And this is called "Technical Analytical Outlook"?
"Government’s active intervention is needed" Like what? buying TFC by NSB?
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