Monday, November 30, 2009
Sunday, November 29, 2009
Bear's "Achille's heel"
If there is a clear weakness for the bearish case is DX bahavior. Although it spiked up a couple of times it never followed through. While this bearish pressure continues, USD carry trade is to continue as well and bullish pressure on stocks markets is likely to endure. So keep an eye on it , we have some interesting levels to watch anyway....
Friday, November 27, 2009
Thursday, November 26, 2009
Let's hear to the PIGS
As you may know PIGS is an acronym of Portugal, Italy, Greece and Spain. Some economist cluster this mediterranean countries since their economies are quite similar and all less developed when compared with top EU countries.
From that point of view we can analyse them as the "emerging economies" within the EU and therefore expect them to be leaders when it comes to trend changes ( they will be the first to rally once a downtrend is over and the first to drop when an uptrend is over).
In that sense I gathered these graphs to show their behavior compared to SPX.
See how they led at 2003.
and now in 2009... might it be the way.....?
From that point of view we can analyse them as the "emerging economies" within the EU and therefore expect them to be leaders when it comes to trend changes ( they will be the first to rally once a downtrend is over and the first to drop when an uptrend is over).
In that sense I gathered these graphs to show their behavior compared to SPX.
See how they led at 2003.
and now in 2009... might it be the way.....?
News from Europe
Hi traders!
Those who were following market today may now better understand the meaning of previous posts (all that glitters is not gold.. and others). When the price is not coupled with mkt internals and comprehensive sectors support then its destiny is a correction to catch up with leading indicators.
We will post something about currencies later, since they played as usual a key role in identifying risk aversion. Meanwhile check last one to see what really happened with described trend lines .
Some may ask how would Indices look like next session. Though TF, ES, NQ may give an aproximated vision, I wanted to add today's Eurostoxx 50 chart to show how it looked like during EU session (not holiday at that market).
source
Those who were following market today may now better understand the meaning of previous posts (all that glitters is not gold.. and others). When the price is not coupled with mkt internals and comprehensive sectors support then its destiny is a correction to catch up with leading indicators.
We will post something about currencies later, since they played as usual a key role in identifying risk aversion. Meanwhile check last one to see what really happened with described trend lines .
Some may ask how would Indices look like next session. Though TF, ES, NQ may give an aproximated vision, I wanted to add today's Eurostoxx 50 chart to show how it looked like during EU session (not holiday at that market).
source
Snapshots - all that glitters is not gold
Here are some thoughts about current market status.
While many big players will be on holiday , an interesting topping pattern may be on the final resolution phase. It started on Monday and while price has been ranging, some other indicators have been sliding which may well be the clue we are looking for to anticipate the upcoming resolution for this pattern.
While many big players will be on holiday , an interesting topping pattern may be on the final resolution phase. It started on Monday and while price has been ranging, some other indicators have been sliding which may well be the clue we are looking for to anticipate the upcoming resolution for this pattern.
Monday, November 23, 2009
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