American Market on Tuesday was like a Hindi Masala film – full of drama

Lot of Drama, tension, joy, sorrow – you name it and yesterday the wide swings in the U.S. market offered some emotion to anyone watching.

Within the trading day, the Dow had five swings of 400  points each. This should be taken in context of the normal moves of two swings of 50 points, on an average day.

While markets provided excitement, this excitement is not bullish. Bull markets move up by stealth, climbing slowly, silently. When markets become volatile, it is a sign of the up move coming to an end, at least temporarily.