Today, we shall see whether bulls "believe" in their rally. Big funds will have a good opportunity to play year end´s recovery...
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Short DAX at 7740
- Thread starter ASusilovic
- Start date
FDAX closed back in the hourly flag .... to close shorts is a good opportunity .... FTSE future never traded below it's consolidation flag in 60min chart but made a hourly close below short-term uptrend from 3850 low the first time today since 04/22/09 ... the FESX is the only one who is holding everything so far (hourly uptrend 2320 and 2300 up break level -> 4700 compared with the FDAX) ...
Who is short can keep it .... No question .... but right from the charts there is more potential in the FDAX down to 4675 .... YES, YES TODAY
Regards
Who is short can keep it .... No question .... but right from the charts there is more potential in the FDAX down to 4675 .... YES, YES TODAY
Regards
David ... if you are asking me then pls take a look on this chart .... 4660 = 161.8% fib extension of a possible ABC .... 4670 the long-term uptrend from the 3600 low .... and most of the time we will see a possible break below last pivot high/lows which comes in at 4699 .... with stops and so on we could see the 4675 ... But 4725/05 is strong and I would not bet on it that we will break it ... but I said : It's possible to see this today .... there I would close all shorts because I'm not sure we are in a correction working as a "4" with trend break and then we see at least a re-test with at least a failure "5' around 4930/50.
So we have one SHHS - short signal ... we have big support area 4725/4705 and 4680/60 .... there is still a high possibility to count this upmove as a confirmed and finished "3" with a correction (where we are) as a "4" ... therefore : closing shorts here 4725 or 4675 .... it's up to you because of the risk/chance ....
Regards.
So we have one SHHS - short signal ... we have big support area 4725/4705 and 4680/60 .... there is still a high possibility to count this upmove as a confirmed and finished "3" with a correction (where we are) as a "4" ... therefore : closing shorts here 4725 or 4675 .... it's up to you because of the risk/chance ....
Regards.
Attachments
Stocks that had most out on loan have outperformed
There is evidence that a short squeeze boosted performance in this recent rally. Using Euroclear stock lending data for UK and Ireland, we find that those companies in the top quartile are up 55% from the low, vs. around 30% for the other quartiles. This result holds even adjusting for the size and sector of stocks on loan.
...and the amount on borrow has declined to a 5-year low
In addition, the amount on loan has fallen significantly suggesting many shorts have now been taken off. On average 2.9% of stock was borrowed in April a drop compared with recent months and a low vs. the last 5 years.
Any 'push' to equities from the short squeeze is likely to fade
While a short squeeze has influenced some names, we think the improved economic data has been the more important driver for the majority of stocks. But given the fall in stock lending, any additional âpushâ from a short squeeze is likely to be less evident from here; momentum in the economic data will be even more crucial if the rally is to be sustained.
There is evidence that a short squeeze boosted performance in this recent rally. Using Euroclear stock lending data for UK and Ireland, we find that those companies in the top quartile are up 55% from the low, vs. around 30% for the other quartiles. This result holds even adjusting for the size and sector of stocks on loan.
...and the amount on borrow has declined to a 5-year low
In addition, the amount on loan has fallen significantly suggesting many shorts have now been taken off. On average 2.9% of stock was borrowed in April a drop compared with recent months and a low vs. the last 5 years.
Any 'push' to equities from the short squeeze is likely to fade
While a short squeeze has influenced some names, we think the improved economic data has been the more important driver for the majority of stocks. But given the fall in stock lending, any additional âpushâ from a short squeeze is likely to be less evident from here; momentum in the economic data will be even more crucial if the rally is to be sustained.
AchimG77 :
What about the risk/chance ? If the market reached your target on your rules and you have a rebound possibility for at least 60/80 points, why not covering at your targets with more potential for 20/40 points only ?
My point was : we are still in an uptrend .... nothing changed so far . That's my point for today. For me it's more important to cover your short trades in an uptrend at your target, because you are trading against the trend. If market overall changed to the dnside it's different.
Regards.
What about the risk/chance ? If the market reached your target on your rules and you have a rebound possibility for at least 60/80 points, why not covering at your targets with more potential for 20/40 points only ?
My point was : we are still in an uptrend .... nothing changed so far . That's my point for today. For me it's more important to cover your short trades in an uptrend at your target, because you are trading against the trend. If market overall changed to the dnside it's different.
Regards.
Exiting some of my straddle and strangle positions.