Tuesday, March 20, 2012

Dax indicators and performance 19.3.2012

On a daily basis, the banking sector over-performed clearly


18 stocks are less than -10% from their 52 week highs.

Volume index still has small negative divergence with prices, even the latest performance has been very strong.

The short term trend has been up and 20 day highs vs. lows confirms this. Still there is an indication that the investors are becoming more risk averse

Dax cycles has been pointing up, even the latest cycle down wasn't completed.