We like the DAX vs. SMI as we expect economic data to continue to show
improvements. The DAX underperformed the SMI by 3.3% since May 8.
improvements. The DAX underperformed the SMI by 3.3% since May 8.
Short DAX at 7740
- Thread starter ASusilovic
- Start date
Short-term focus: IP and the US earnings season kick-off
Investors will likely focus on European industrial production next week to see if the recent strength in the survey data will lead to an improvement in real activity data. In addition, the US earnings season kicks off on Wednesday, July 8 when Alcoa (AA) is expected to report results.
Investors will likely focus on European industrial production next week to see if the recent strength in the survey data will lead to an improvement in real activity data. In addition, the US earnings season kicks off on Wednesday, July 8 when Alcoa (AA) is expected to report results.
"Dip buying has been consistently rewarded lately and it doesn't much matter what caused the dip."
Quote from ASusilovic:
"Dip buying has been consistently rewarded lately and it doesn't much matter what caused the dip."
I guess market needs some breaking news like defaults or significant overestimation of q2 earnings to turn fully downwards.
btw,
I like that DAX vs. SMI, somebody could say it is high prob. trade. If DAX dipped over past few days (-1.2% today) and SMI didn't (flat today) maybe it can be right time to enter.
Good trading!
SMI = variable of Swiss Franc. SNB intervention = good for SMI.
Support / resistance :
R1 : 4673.00
R2: 4693.50
R3: 4702-4710.50
S1: 4660.50
S2: 4641.00
S3: 4609.50
R1 : 4673.00
R2: 4693.50
R3: 4702-4710.50
S1: 4660.50
S2: 4641.00
S3: 4609.50
Put Call Ratio August 2009 :
15,84
Calls : 1.190
Puts : 18.859
Hopefully, the puts are hedgers...
http://www.eurexchange.com/market/quotes/IDX/DAX/ODAX_en.html#table
15,84
Calls : 1.190
Puts : 18.859
Hopefully, the puts are hedgers...
http://www.eurexchange.com/market/quotes/IDX/DAX/ODAX_en.html#table
Frankfurt am Main, July 2, 2009. In the first half of 2009, registrations of new passenger cars in Germany rose by 26 percent, to 2.06 million units. The figure for June even amounted to 427,000 passenger cars, an increase of more than 40 percent compared to the same month last year. The result was the best for the month of June since the German reunification in 1990. However, this development is largely the result of the revised motor vehicle tax and the scrappage program (known as "environmental premium" in Germany). "Because the global financial and economic crisis has led to a plunge in exports especially, these incentives boost domestic demand particularly for small and compact cars and have thereby stabilized workforce levels this year," said Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), at the VDA half-year press conference in Frankfurt.