Market bullishness

Global markets have been terrible this month but may be things are
about to change for good and here's why

Greece Exit from Euro may not happen

Reason:

Greece's conservative New Democracy party, which backs the country's
international bailout, has retaken the lead from the anti-bailout
radical leftist SYRIZA, a poll showed on Thursday, the first published
since a new election was called for June 17

Based on this result, New Democracy would win 123 seats, the pollsters
said. Combined with the 41 seats projected to be won by the Socialist
PASOK, Greece's two major pro-bailout parties would command a 14-seat
majority in the country's 300-strong parliament. This means Angela
Merkel's strategy is working and she seems to be promising that if
Greece abide's by its commitments…EU will look into growth stimulus of
Greece.

This looks like great news as it removes the political uncertainty and
with political momentum behind New Democracy and anti left: Greece may
not have to exit Euro. This will take out the Big IF fom the market

Here's the complete news:

http://www.reuters.com/article/2012/05/17/us-greece-politics-poll-idUSBRE84G11420120517

The other big news comes from China

There is speculation that Chinese government will step up efforts to
combat a slowdown by announcing a big stimulus program this week.

With market completely oversold, both the news items have the
potential to reverse the slide. At this point of the time – the news
looks good but we need to see the confirmation on the screen.
Remember, News don't change the trend of the market per se…the
technicals of the market change the trend. So, news looks bullish but
we need to see the bullish action

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible."