Important announcement

Dear friends,

Please accept my apologies for not updating the blog for the last few days due to flu. Now, I am fully recovered and will do the needful regularly.

The blog has undergone some changes. I have revised the Saudi Arabia universe. Now, the Saudi stock table is more liquid and action oriented. Also, I have removed all the indices except TASI. In the near future, I will also revise the Kuwait Stock Exchange universe.

The stock table has undergone a major change. The table now includes “Swing Trading Profile”. This section captures the short term swings in the market which normally last a few days and produce on an average returns in the vicinity of 5% to 10%.

The first column highlights the “Action Today” which indicates the current swing trade action till the reversal happens. The second column highlights the “Action Yesterday” so that the trader can gauge which way the swing is flowing. The last column is “% Returns Generated”. This column measures the %returns from Today-2 to Today-1 (yesterday’s closing price/ day before yesterday’s closing price) so that the traders can asses the performance of the last trading day.

Now, the Stock table will not only satisfy the passive long only investors it will also serve as the trading tool to suit the needs of a short term trader. Hope you guys will like it.

Ravi Shankar