Short DAX at 7740

Again, Consumer Climate is improving to 6.0 (5.8 expected).

Dax touched trend line. (see picture)

I entered short dax 7285, closed 7268, before 8:30. I guess lucky, :-). I was happy with that otherwise running some loss that may not come as I already feel squeezing ...

Dax 7290 atm, we can also continue towads 7200 but also upwards and that is my bet from now on for today.
 

Attachments

Another excellent day, somebody was holding EU market until US close.
Patience was rewarded ...
Now, are we going to break trendline or we will recover and continue up, that is the question.

I jumped into 7500 calls as a sideline bet, lets see.
 
today, positive but not that great day, :-)

- 7500 calls were are not going very well, closed with some loss in the morning
- straddle is not working well

Despite that a bit positive day, earned few points on ARM and shorted dax overnight, closed 7128, first weaknes in shorts.
 
Quote from esmjb:

wtf estoxx getting wacked, +1 on day with spoos +16...
More...

- probability of rate hike much higher (eur more expensive, :-))
- also there were too many longs over days or weeks in dax
(somebody want to get rid of them when the liquidity is high)
This is just personal opinion not based on facts ... just feeling.

I closed short dax too early 7270, I could have enjoyed ride to 7220-7230.

Weaknes of DAX (not sure estoxx) can continue ... in the near future, quarter ends is in 2weeks.
Despite that I went long spread, :-).
 
Quote from uexkuell:

Long 7050, first target 7090. SL 7032

1. far target 7140.
More...

So, it hit the target and u reckon we may see 7140.

I've got zero delta atm but keep a bit of 7400 calls.
 
This week it was a nice rollercoaster ...

Account from -7% to +10%, ending up +8% per week, 30% of account invested, I'm happy with it.

Dax has seen weakness sub 6400 and nice recovery 6750, I wish I had entered covered calls but I had already enough leverage.


I do not know what to look forward after japan catastrophe, arab uprising, g7 jpy intervention, ...

Do I have only the feeling that the sell-off didn't end?
 
You must log in or register to reply here.
Back
Top