I get asked all the time, "JC why should I care what's happening in Finland or Canada if I'm just trying to make money in stocks here in India?"
This is certainly a valid question and one that I think we need to address here before moving any further. Let's remember that this is a "market of stocks" and not just a "stock market". In other words, while things like the NIFTY50 and the S&P500 are indexes and a good gauge for the health of the overall market, there are many individual components that make up these averages. Oftentimes, that gets lost in the shuffle.
When an asset class is in a bull market, it not only goes up in value, but it also outperforms other asset classes. So it's not just about the absolute performance, but about the relative performance as well. When stocks are going up, they'll outperform things Bonds or Gold, for example. In emerging stock markets, it's no different. When stocks in India are outperforming US Stocks, that is when I consider the bull market to be in full stride.
Today I want to point to an important development in the NIFTY50 relative the S&P500. This is how we can see if stocks in India are in a real uptrend, or just a market rising with the tide.
This week has been an incredible experience in India! If you had the chance to make it to my presentation at Bloomberg in Mumbai Thursday I really do appreciate you coming. I may be the one presenting my thoughts on local markets, but trust me, I'm the one winning at the end. The conversations and interactions with traders here has been extremely eye opening and educational. This is how I learn - by talking with people smarter than I am. It's not hard to find that around here. So from the bottom of my heart, thank you!
Many of you have asked for the slide deck from the presentation so here you go:
This week has been an incredible experience in India! If you had the chance to make it to my presentation at Bloomberg in Mumbai Thursday I really do appreciate you coming. I may be the one presenting my thoughts on local markets, but trust me, I'm the one winning at the end. The conversations and interactions with traders here has been extremely eye opening and educational. This is how I learn - by talking with people smarter than I am. It's not hard to find that around here. So from the bottom of my heart, thank you!
Many of you have asked for the slide deck from the presentation so here you go:
We're finally here! Allstarcharts India is now available to everyone and anyone interested in the share market of India. This has been one of the most incredible experiences of my life - learning about Indian markets, the people and the culture. I am currently here in Delhi and will also be traveling to Mumbai to both celebrate the new launch and to continue my pursuit of knowledge and experience. I will be giving a live presentation at Bloomberg in Mumbai Thursday January 11th and you can register for that here if it's not already filled up.
I finally made it to India! I've been working on coming out here for a long time, but you know, life gets in the way. I've made an effort in the past year to travel, particularly to Asia to learn more about the culture, the people and the financial markets. Since last February I've traveled to Hong Kong, Singapore, Kuala Lumpur, Tokyo, Taipei and Philippines. It's easy for me to give a presentation and talk about what I'm seeing in the market. I've done that pretty much every day for as long as I can remember. Where I win is in the conversations I have prior to my events, and more importantly afterwards over cocktails and delicious food.
To be honest, what inspired me to travel and learn from other markets was India. Long story, but India was the first place I wanted to go to and learn and talk about markets. But as it turned out, it took me longer to get here than I would have wanted. But hey, I'm here now and that's what matters.
I finally made it to India! I've been working on coming out here for a long time, but you know, life gets in the way. I've made an effort in the past year to travel, particularly to Asia to learn more about the culture, the people and the financial markets. Since last February I've traveled to Hong Kong, Singapore, Kuala Lumpur, Tokyo, Taipei and Philippines. It's easy for me to give a presentation and talk about what I'm seeing in the market. I've done that pretty much every day for as long as I can remember. Where I win is in the conversations I have prior to my events, and more importantly afterwards over cocktails and delicious food.
To be honest, what inspired me to travel and learn from other markets was India. Long story, but India was the first place I wanted to go to and learn and talk about markets. But as it turned out, it took me longer to get here than I would have wanted. But hey, I'm here now and that's what matters.
We want to approach the market from the top/down and look at it from different perspectives. Today I want to point to two indexes in particular that tell two separate stories but each suggests higher prices are coming for stocks in India.
There are many different Indexes representing equities in India and they are each part of a group of stocks that share common characteristics. The idea is to look at all of them and use each one as a piece of a giant puzzle.
These are the registration details for our live monthly conference call for Premium Members of All Star Charts India.
This month’s Conference Call will be held on Tuesday, December 21st at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since our launch.
Register here for our live monthly conference call for Premium Members of All Star Charts India.
December's Strategy Session will be held on Thursday, December 2nd at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of our past conference calls.
These are the registration details for our live monthly conference call for Premium Members of All Star Charts India.
This month’s Conference Call will be held on Wednesday, November 17th at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since our launch.
These are the registration details for our live monthly conference call for Premium Members of All Star Charts India.
This month’s Conference Call will be held on Tuesday, July 20th at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since our launch.