Money inflow not strong enough, yet?
Wednesday, April 4, 2012
Tuesday, April 3, 2012
US money flow 2.4.2012
Money flow still negative, but there are already short term indications that it is about to go on the positive side.
Dax indicators 2.4.2012
Yesterday was a very bullish day. We saw only 4 stocks declining from their opening.
We got 6 fresh 52 week highs with ADS, BEI, DPW, HEN3, LIN, MAN, MRKK.
16 stocks are less than -10% from their 52 week highs and averagely gain from 52 week low is 42,1 %.
Looking at 3 month performance we notice that thr are already few stocks trading on the negative side.
Dax cycles is still anticipating more down ahead...
...and so does McClellan Summation Index.
Dax Volume Index doesn't have any meaningful divergence with prices.
Technically Dax can climb to touch the declining trend line at 6129. Even if it does that, there is still negative divergence with MACD and RSI. Breaking above the trend line should also break the divergences.
Monday, April 2, 2012
Basket trade 2.4.2012
BUY the following stocks near close: ADS; ALV; BAS; CBK; DBK; DB1; LHA; EON; FRE; MEO; MUV2; RWE.
Hold as long as they are making new daily highs. Buy high, sell higher.
BUY: BBZ, QIA, WDI if TecDax has at least 22 advancing stocks.
Hold as long as they are making new daily highs. Buy high, sell higher.
BUY: BBZ, QIA, WDI if TecDax has at least 22 advancing stocks.
US money flow 30.3.2012
US money flow still negative.
Here's a better overview when money flow has been positive.
Technical view and trade setup 2.4.2012
Not much to say. The rebound is due to previous forecasts and still the indicators are very mixed. We will need to see a little bit more before we can make any judgments about correction or pullback. So far the bulls are doing fine and this is good way to play out the bears, because still too many investors are waiting a correction or pullback.
Dax is flirting with previous support 6974. Above the level bullish, below bearish. Upside targets are 7014 / 7129.
Even S&P 500 has managed to stay above it's rising trend line.
Sell Basket trade near close. BUY: BB Biotech if open < 61,99. Sell at close.
Dax is flirting with previous support 6974. Above the level bullish, below bearish. Upside targets are 7014 / 7129.
Even S&P 500 has managed to stay above it's rising trend line.
Sell Basket trade near close. BUY: BB Biotech if open < 61,99. Sell at close.
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