Dax 25.7.2012

Technical indicators are currently a little bit bearish. MACD lines have crossed downwards and RSI reading is below 50. However, 200 days moving average has served as a support during whole July. 6544 Fibonacci level broke down violently and even Dax is flirting with it's SMA(200) we can still expect 6242 level to be touched.

Shorter term cycle indicator is down and investors are getting rid of riskier assets and stocks.

McClellan Summation Index is also pointing down.

50 day cycle indicator lines also crossed downwards and normally this has meant more down ahead.

US investors seem to have no clue whether to invest or not.

Index trade

According to money flow studies it would be 70% profitable to open short position for two days. Thus I try buying DES2 etf at price 34.050.

US money flow 27.1.2012

We saw relatively big negative outflow day during Friday even the cumulative outflow is still on positive territory. We will watch closely how the situation will develop.

US money flow 28.12.2011

Yesterday's money flow was a little bit negative, but cumulative calculations still show positive progress.

US money flow

Looks like the big players already placed their bets and currently are not accumulating any more.

US money flow

According to peak in positive money flow on Friday, it seems that big players are betting on Santa Claus Rally.