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FED Taper Implications on NSE
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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SittingPretty wrote:hisah wrote:SittingPretty wrote:hisah wrote:guru267 wrote:This Bernanke fellow just lost me a cool amount... Who knew taper would be good news to Mr Market??  Santa rally... Always dread such market cheers. A down move is on the cards likely in Q1. Low likely around March-April.
This is why I highly suspect a sucker rally in Jan/Feb that will trap (bull trap) late comers in many markets. @hisah with the taper story taking center stage again. I am looking at the KE/USD activity, does it have anything to do with the upped foreign sales. Are we there yet??? Eurobond is the KES saviour if the uptake will be strong. USDKES line in the sand is 87.50/- for bulls while 84 for bears. Break above 87.50 targets 90/- and break below 84 targets 80.
Waiting to see inflation figures going forward with food security alerts already on just like 2011. That eurobond will give CBK ammo to keep CBR tight as well as USDKES locked if they get their loot.
I dread if the eurobond uptake is lukewarm. KES will take it hard in the chin and NSE will feel that effect. And there is blood all over the place and not just the NSE!!! Am -Ve on 80% of my counters is it time to run, short sell!!! or is this just a small flu? Oops. Missed this query. For KE eurobond is still key. But it's interesting to see NSE chop around (up and down) to nowhere just like most global equities. KE inflation continues ticking up. Current gok wage cut fight paints a gloomy picture as industrial counters continue to release lousy results. If NSE bulls are to take the day, 5200 must be broken up with solid pressure. FTSE KE15 must also break above 180 with force.
I'm defensive in 2014 meaning I'm willing to cut losses faster as a trader. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Wazua
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FED Taper Implications on NSE
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