Sunday, April 22, 2012

Dax indicators and trades 20.4.2012

Quite variation between 3 month returns from -10% to almost +30%.

20 day highs vs. lows ratio is still pointing down, but there is not much to go anymore. 

Intermediate cycle is showing normal cyclical behavior and could bottom soon. 

McClellan Summation Index has still room for the downside. 

...Although some indicators like modified RSI has been improving and showing signs for a short term market bottom. 

Risk aversion has also improved. 

Current positions include: LONG: DAX, CBK, DBK, HEI, DAI, BBZ, EVT, SNG (open new long positions on Monday for DPW, VOW3), SHORT: BEI, FME.