Thursday, April 12, 2012

Risk appetite 12.4.2012

Risk is on again, and previous plan is working. Today got many trading signals and short term risk turned positive being negative at first. Short term indicators are bullish, but some intermediate bearish, and the market is usually tricky. After squeezing the shorts enough, we still should see lower close ahead.

RSI could make another peak down but higher than previous low. Simultaneous lower low with index would mark the absolute bottom.

Risk indicator above 50 indicating short term bullishness.

Current positions plus FME, FRE short. SAP will be close tomorrow at open.