Sean Seshadri - Reading the market - PowerPoint PPT Presentation

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Sean Seshadri - Reading the market

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  1. Sean Seshadri Reading the market

  2. Reading the market • The broad markets rose modestly today as investors sent stock higher based on the sentiment of key retail reports. • The Dow rose 9.69, or 0.1 percent, to 10,415.54. The Standard & Poor's 500 index rose 1.62, or 0.2 percent, to 1,094.16. • The Nasdaq composite index rose 6.26, or 0.3 percent, to 2,215.70.

  3. Reading the market • The broad markets led by strong retail sent the dow up over 103 points. • Sean Seshadri stated that walmart and home depot issued upbeat numbers and this would be a sign that even though the market opened lower stocks managed to get strength because of better sentiment. • Almost all the big retailers were higher as except Bjs which lowered expectations for the year.

  4. Reading the market • At key support levels during the day lux investments wants traders using appropriate risk managements controls to place trades with conviction as a trader will have wind behind the entry which is sentiment. • Even though the market ended up higher by only a few points there was plenty of intraday activity that savvy traders could profit from if they bought and sold at key reversals.

  5. Reading the market For more about Sean Seshadri details Please visit us on http://www.luxinvestmentsintl.com/