TRW WEEKLY REPORT FOR 8TH TO 12TH MARCH 2010.

Hi Guys, As earlier predicted, March continue to be a boring month because of its Earnings season. The markets continue to punish short term traders as they easily sliced through some resistance levels trending on a Lower Low range and loosing 62 points so far to close at 22,923.91. Market participants continue to shrug off bad news, and many indexes are close to testing their February Lows.

Though several individual stocks outperformed the Index, however, caution is certainly warranted at this point. While it’s quite possible that the February lows will hold (22.400 points) as an intermediate low, the short term move is becoming a little extended and thus vulnerable to a pullback.

 Overall, the markets remain in a trading range, and there are multiple scenarios that could equally apply to the next move. With most of the indexes sitting right smack dab in the middle of this range, it probably makes sense to be even more cautious than usual. The upcoming week should provide more clues as the indexes deal with the opposing forces on both sides of this range. Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY
 

TECHNICAL VIEW

Technically speaking, the financial markets seem to have put in a fresh low and look vulnerable to a continuation move lower. As you can see from the charts below, the technical picture remains much the same as last week, with some of the indexes having a difficult time overcoming the resistance of their respective 25-day moving averages, and same period most indicators keep trending in a lower low region and price trending flat. these are signs of HIDDEN BULLISH DIVERGENCE, but the bulls have a lot of work ahead of them if they'd like to send indexes to new highs.

Have a Great Trading week.

WEEKLY INDEX

Ticker	Date	Previous	Price	%Change
NSE	05/03/2010	22985	22923.91	-0.27
NSE 30	05/03/2010	919.77	919.55	-0.02
NSE BANKING	05/03/2010	380.84	378.75	-0.55
NSE F&B	05/03/2010	618.6	634.48	2.57
NSE INS	05/03/2010	200.79	193.92	-3.42
NSE O&G	05/03/2010	309.59	303.24	-2.05

For  5/03/2010 the closing price was 22,923.91.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending
The projected upper bound is: 23,562.07.
The projected lower bound is: 22,378.63.
The projected closing price is: 22,970.35.
Note: these price projections are for reference only, and can be easily exceeded by the market. market.

For 5/03/2010 the closing price was 919.55(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending.
The projected upper bound is: 947.09.
The projected lower bound is: 896.11.
The projected closing price is: 921.60.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For  5/03/2010 the closing price was 378.750.(NSE BANKING)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 394.37.
The projected lower bound is: 365.02.
The projected closing price is: 379.69.
Note: these price projections are for reference only, and can be easily exceeded by the market. market.

For  5/03/2010 the closing price was 634.48.(NSE FOOD, BEV.& TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 658.70.
The projected lower bound is: 614.98.
The projected closing price is: 636.84.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For  5/03/2010 the closing price was 193.92.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 224.55.
The projected upper bound is: 198.47.
The projected lower bound is: 187.12.
The projected closing price is: 192.79.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For  5/03/2010 the closing price was 303.24.(NSE OIL & GAS)
Overall, the bias in prices is: Uptrend.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 308.25.
The projected lower bound is: 298.74.
The projected closing price is: 303.49.
Note: these price projections are for reference only, and can be easily exceeded by the market.

BELOW ARE TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY
SHORT TREND TRADERS TO USE MA 5
MEDIUM TREND TRADERS TO USE MA-50
LONG TERM TRADERS TO USE MA-100
MA (MOVING AVERAGE)

 

TICKER	DATE	MA-100	MA-50	MA-5	Overall Trend	Trend Phase	Comments
ACCESS	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
AFRIBANK	05/03/2010	-	+	-	No Trend	Progress	trading range-avoid
AIICO	05/03/2010	+	+		No Trend	Initial	Risk for short term reversal
AP	05/03/2010	+	+	- - -	No Trend	Initial	Risk for short term reversal
ASHAKACEM	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
ASOSAVINGS	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
BAGCO	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
BCC	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
BIGTREAT	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
CHAMS	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
CILEASING	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
CONOIL	05/03/2010	+	+	+ + +	Up Trend	Initial	Stay with Trend
CONTINSURE	05/03/2010	-	-	+	No Trend	Initial	Risk for short term reversal
CORNERST	05/03/2010	-		+	No Trend	Progress	Risk for short term reversal
COSTAIN	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
CRUSADER	05/03/2010	-	-		Down Trend	Initial	Watch Trend?
CUSTODYINS	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
DANGFLOUR	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
DANGSUGAR	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
DIAMONDBNK	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FCMB	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIDELITYBK	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIRSTBANK	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
FIRSTINLND	05/03/2010	-	+	+	No Trend	Progress	live to trade another day
FLOURMILL	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FTNCOCOA	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
GUARANTY	05/03/2010	+	+	+	Up Trend	Progress	Stay with Trend
GUINEAINS	05/03/2010				Down Trend	Initial	Watch Trend?
GUINNESS	05/03/2010	-	-		Down Trend	Initial	Watch Trend?
HMARKINS	05/03/2010				Down Trend	Initial	Watch Trend?
IBTC	05/03/2010	+	+		No Trend	Initial	Risk for short term reversal
INTENEGINS	05/03/2010	-		-	Down Trend	Progress	Watch Trend?
INTERCONT	05/03/2010	-	+	+	No Trend	Progress	live to trade another day
JAPAULOIL	05/03/2010	-	+	+	No Trend	Initial	live to trade another day
JBERGER	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
LASACO	05/03/2010	-	-	+	No Trend	Initial	Risk for short term reversal
MAYBAKER	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
MBENEFIT	05/03/2010	+			No Trend	Initial	live to trade another day
MULTIVERSE	05/03/2010				Down Trend	Initial	Watch Trend?
NAHCO	05/03/2010	-	+	+	No Trend	Initial	live to trade another day
NASCON	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
NB	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
NBC	05/03/2010	+	+		No Trend	Initial	Risk for short term reversal
NEIMETH	05/03/2010	-	-		Down Trend	Initial	Watch Trend?
NEM	05/03/2010	-	-		Down Trend	Initial	Watch Trend?
NESTLE	05/03/2010	+ + +	+ + +		No Trend	Progress	Risk for short term reversal
NIGERINS	05/03/2010	-	-		Down Trend	Initial	Watch Trend?
OANDO	05/03/2010	+			No Trend	Initial	live to trade another day
OCEANIC	05/03/2010	-	+	+	No Trend	Progress	live to trade another day
PLATINUM	05/03/2010	-	+	-	No Trend	Progress	trading range-avoid
PRESTIGE	05/03/2010	-	-	-	Down Trend	Initial	Watch Trend?
PZ	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
REDSTAREX	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
REGALINS	04/03/2010				Down Trend	Initial	Watch Trend?
SKYEBANK	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
SOVRENINS	05/03/2010				Down Trend	Initial	Watch Trend?
STARCOMMS	05/03/2010	-		-	Down Trend	Progress	Watch Trend?
STDINSURE	05/03/2010	-	-		Down Trend	Initial	Watch Trend?
STERLNBANK	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
TANTALIZER	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UAC-PROP	05/03/2010	-	-	-	Down Trend	Initial	Watch Trend?
UACN	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UBA	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
UBN	05/03/2010	-	-	-	Down Trend	Initial	Watch Trend?
UNHOMES	05/03/2010	-	+	+	No Trend	Progress	live to trade another day
UNIC	05/03/2010	-	-	-	Down Trend	Initial	Watch Trend?
UNILEVER	05/03/2010	+	+	+	Up Trend	Progress	Stay with Trend
UNITYBNK	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
UPL	05/03/2010	+	+	+	Up Trend	Initial	Stay with Trend
VITAFOAM	05/03/2010	-	-	-	Down Trend	Initial	Watch Trend?
WAPCO	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal
WAPIC	05/03/2010	-	+	-	No Trend	Initial	trading range-avoid
WEMABANK	05/03/2010	-	+	+	No Trend	Initial	live to trade another day
ZENITHBANK	05/03/2010	+	+	-	No Trend	Initial	Risk for short term reversal

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