| Stock Pick of the DayOct 31 October 31, 2009 at 10:04 am |
| The Bank of America stock has been showing signs of trend reversal and is likely to search for its lower support around 14, from where it started moving up a few months back. It would be advisable to short the Bank of America stock it it fails to show signs of recovery from 14, failing which it could it could even fall to 12.2... |
| Market CommentaryOct 31 October 31, 2009 at 9:47 am |
| The entire rally fuelled by a strong report on initial GDP growth estimates of 3.5 on Thursday, faded out on Friday. The fall in consumer spending and outlay for October left traders with doubts on the strength of GDP growth, particularly in light of the low base for previous year. The widespread losses came on the street came in the wake of government data, which suggested that the consumer sentiment for the last month dropped by 0.5 in last month... |
| Gold vs Silver..Why The Debate by Market Sniper October 31, 2009 at 4:55 am |
| It is mildly amusing that when the precious metals markets are in confirmed up trends that the perennial debate of whether it is best to own gold or silver always comes to the fore... | | |
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