Currently shorting FME, FRE and BEI seems a good idea. Also short SWV (counter strategy) if it opens > 1.749. Profit target 2.5% or sell at close.
No other trades.
No other trades.
Thursday, May 3, 2012
Dax indicators 2.5.2012
According to to my earlier posts, we are currently consolidating. The range remains unknown even 6750 seems to act as an important support/resistance.
20 day highs vs. lows seems a little bit sloppy at the moment. Could it turn down?
Also Dax cycles seems to be going down.
Dax strength indicator is currently in a consolidation area. I have marked the previous areas by red windows. So, don't expect higher close than 6800 during next be 1-3 weeks. Intraday highs don't matter.
Risk indicator came down as it was supposed to come.
Dax and technicals 3.5.2012
A few technical points.
Dax has been struggling above and below 6750 which has proven to be important support/resistance. Let's see if Dax will go down to 6621 or up near 7000. The indicators have previously trying to point a short term top.
For a bigger downtrend we might want to see eur/usd breaking above 1.31.
...even riskier aud/jpy is already making lower lows. So, be careful.
Tuesday, May 1, 2012
Trading system
Trading system has currently long + short position on Dax. Long position is meant to be exited 2.5. at normal close and short position near US open. Also two small long positions are held, EUCA and SNG and the exit is also 2.5. at Dax open.
| DB1 is on the watch list and short if open > 47,43; buy at close; PT 2,5%. |
US money flow 30.4.
Us money flow positive, so the investors are still betting for more upside.
The below graph shows the influence of the positive money flow.
Monday, April 30, 2012
A short term top 30.4.2012
Some of the indicators currently indicate that the investor short term risk appetite is about to reach it's maximum. So, let's see whether we will see a consolidation or a pullback.
Sunday, April 29, 2012
Trend Following update
Added few interesting stocks into trend following report, Apple, Google, Microsoft + few solar companies. Check it out. Currently the longer term trend is not favoring bulls. Apple would have long signal only above 654, so there could be more down ahead. Exxon got long signal and will stay above 85.3 and there could be some opportunities
The backtesting and forward testing results have been proven to be quite reliable.
The backtesting and forward testing results have been proven to be quite reliable.
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