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Showing posts from July, 2012

Nasdaq boosts Facebook compensation plan to $62 mln

Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in the bungled Facebook Inc initial public offering in May, modifying an earlier plan that drew intense criticism from market makers and other exchanges.

The fund, which Nasdaq said on Friday it would file with regulators, is $22 million larger than originally proposed in June. All accommodations will be paid in cash, a departure from the prior plan in which Nasdaq would have mostly compensated firms through trading credits or rebates.

All payouts are expected to occur within six months.

Market makers lost upward of $200 million due to technical glitches on the IPO when Nasdaq's systems could not handle the massive amount of orders and cancellations ahead of the IPO.

The market makers, which facilitate trades for brokers ensuring smooth market operations, said Nasdaq's original plan fell far short. Some said they were considering legal action.

The original plan also drew the ire of other exchanges, w…

Understanding price charts for effective technical analysis

Technical Analysis for analysing securities and making investment decisions has been one of the most preferred ways of tapping into the pulse of the market. And at the nucleus of this function is the factor of price and price charts that ultimately govern the process of technical analysis.

Price Charts are one of the most efficient ways of tracking and inferring price movements, studying supply and demand, and assessing future trends. A typical price chart is depicted on the X-Y scale wherein the x-axis (horizontal axis) represents the time scale and y-axis (vertical axis) represents the price scale.

Apart from the basic Open-high-low-close chart (also known as OHLC charts) where the opening, highest, lowest and closing price of scrip is taken into account, there are three other ways of charting scrip prices.
1. Line Chart or Close price chart: This is the most basic method of plotting prices, representing only the closing prices over a set period of time on an X-Y graph. This type of gr…

Avoid EURUSD | Technical Chart | 17-July-2012

Below is the technical chart of EURUSD with Ichimoku kinko Hyo indicator.

Altogh EURUSD is closed above Kijun-sen line and has given buy signal, but it's better to avoid trading in this currency pair. The reason is clearly visible in the chart above. It will soon enter Kumo region - which is its high resistance area. Not only this, kumo region is also called no-trade zone.
On the downside, it can go upto 1.2244 - 1.2248. That's its strong support.

Yahoo server hacked. Is your name on list? Check here

This is one of the most useful article to check your email account security. MUST read it and check if your email id password is visible on internet by everyone. Many Gmail, Hotmail accounts have also been compromised.

Gold Daily Technical Chart | 12-July-2012

Below is the technical chart of Gold, using Doda-Donchain and Doda-Bollinger Bands on Daily time frame.

From the last many trading sessions, Gold is trying to go down, but it always gets support at Doda-Bollinger Bands line. Moving in a range-bound price.
On the downside, 1564.84 is the major support of Gold. If it breaks it on daily closing basis, it will give good correction. Take short calls then.
On the upside, take your long positions ONLY if it closes above 1599.22. 
At this stage, wait and watch is the best policy as it is trading in a range-bound between these two levels.