Market on Dec 18, 2024

Daily Journal: US markets had a weak session yesterday. All the 3 indices closed in red. Futures are flat. 10Y Bond Yield is at 4.3%. Brent Oil is at 73$. Dollar Index is at 106. Asian markets are mixed. Consider global cues as neutral for today. In the last few trading sessions. I have observed that the index is giving wild moves. It is not following any support or resistance levels. Trading in such markets is a nightmare for traders. But for long term investors we may get good opportunities to buy. We should take our decision based on the overall market sentiment and the earnings of the companies that we are holding. It does not make sense to talk about exact market levels in such situations. The texture of the market is positive. Mid and Small Caps are doing well. You see there is good recovery in the mid and small cap indices from the recent lows. So those who stayed in the market with us during the recent correction and deployed cash at the appropriate levels are making good money now. We continue to remain positive in the markets and the trading dips should be used to accumulate good stocks for long term.