Friday, March 16, 2012

Dax indicators and high beta trades 16.3.2012

The volume of the 6 biggest weighting stocks have clearly increased. Usually this a bullish sign for the index.

Beta Indicator is pointing up, which gives high probability for Monday to be a positive day.

Dax Volume Index has again made 20 day highs, thus giving 70% probability for continuation.

It looks like here would be a nice opportunity to join group of chasing the high beta, so buy near close CBK, DBK, HEI for one day trade, or sell when Beta Indicator turns bearish. Also continue the trades with low beta, but buy back FME near closing price.