Numeric rankings suggest it is time to reduce small cap, mid caps and technology.
The 4 Jan yearly outlook carried numeric ranking for 50 Nifty Stocks. The histogram ranked real price performances, pushing the performers to the top and underperformers to the bottom. Sun Pharmaceutical was the top performer, Grasim was the worst and the three technology majors viz. Tata Consultancy Services, Infosys and Wipro were at rank number 6, 7 and 10 respectively. What did the rankings tell us? First; Sun Pharmaceutical being at the top already delivered. And since performance is cyclical, the top performer can’t remain at top for long and will underperform. Second; Grasim was reeling at the bottom of performance in the Nifty 50. A similar logic of performance can now be extended to the loser. The worst stock cannot remain at the bottom of performance rankings. It is lonely down there. If a stock cannot make an attempt to push up from its worst performance, it has no business being in the index. Third: Since technology leads markets and is a well traded sector, 6, 7 and 10 rankings for the technology trio suggested further space up on relative performance against the Nifty…Read more…

TIME ANALYTICS – ECONOHISTORY
Alpha.Global.Indices (Alpha.Romania) – Profiting from DOW futures
Alpha.metals – Palladium tops and silver bottoms
Alpha.India – Banking joins tech to lead the way down
Alpha.Romania – BRD delivers 32% against BETXT and BET
Alpha.Metals – Long Palladium, Short Gold up 79% since July 09
Alpha India revisited

INDIA
Channels.India – Anticipated and happened
Channels.India – Early economic anticipated and happened cases
Channels.India – Late economic anticipated and happened cases
Channels.India – Mid economic anticipated and happened cases
Waves.India does it again, delivers 79% accuracy
Waves.India – Intermediate and minor perspective
Channels.India – IT completing minor impulses
Channels.India – Late economic performance cycles

ROMANIA
Channels.BVB – Mid Economic Update – Japanese Candlesticks
Waves.ROM – BETC. Negative reversal and no price confirmation keeps us looking higher.
Channels.BVB – Early Economic Update – Financials Japanese Candlesticks
Channels.BVB – Late economic patterns
Waves.Romania – TEL anticipated and happened and Erste target
Romania – Channels.BVB – COMI Anticipated and Happened
Waves.Romania – BRD anticipated and happened
Channels.BVB – Early Economic Update – Elliott Waves
Channels.BVB – Late Economic Update – Momentum Special

GLOBAL
Waves.bonds – Bobl futures final wave up
Waves.forex – EURUSD 1.4 heading for a break
Waves.Gold – Anticipated and happened
Waves.Forex – EURUSD target hit (Anticipated and happened)
Waves.forex – Eurusd, Indian Rupee, Lei and Yen corrections or impulses?
Waves.gold – Uranium leadership suggests gold negativity

NEWS
Mukul receives Chartered Market Technician Charter
Time Cycles, Gann suggest – Peak is here
Romania – SIBEX to list Dow Futures
Happy Republic Day
Volatility and sleeping markets
Dow – Volatility Cycles
Volatility Index (India) breaks Mar 08 Low

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Author: Orpheus | Date: 27 January 2010 | Comments (0)

Categories: The Orpheus Newsletter

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