Short DAX at 7740

Quote from uexkuell:

Ready for outbreak to the up- or downside.
Straddles in place.

(My guess is upside.)
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I bought bull spread last week, 30 and 10 delta or so.
It is just a hedge in case it goes up, I'm looking for downward move, :-).
 
The channel looks dead but in case it is not

any reason for rally in DAX overperformance?

I do not see who is cooking what but maybe somebody sees it.
 
Quote from syrre:
If line from mid march breaks its an easy short again
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Well, it didn't happen, at least for the moment.
I was already packed with lost of puts ranging from 7000-7400 but it looks they expire worthless.

My view is that Dax is 10% from the top (unlike other indices), strong eur and greece scarecrow should keep it dumped ...
Looking for nice payout.
 
Now, tell me is the trendline broken or isn't?

I've got a feeling we are not going down and it is a buying opportunity but market may think otherwise ...
 
Well, I believe you cashed nicely on Dax as I did but I'm unsure what to do now.
Ok, I'm just left with OTM puts where I expect premium in 2 days unless there is 5% move, :-).

So, another accumulation ?!

My limited short term info:
Negative:
"Sell in May, ... ".
Greece "default" looms.

Positive:
Positive earnings except few exceptions.
No IR hikes in the near term.

Neutral:
Economy improves bit by bit.
 
Quote from younouss:

Small range on day chart.
Quite volatile on intraday.
Tricky market...

Waiting for 7415 to go short again.
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Well, intraday is still a pain for me but I do larger moves.
Today, I stay on sidelines, I waited too long to cash-in my position, like 3 weeks or so and I try to enjoy new high.

Otherwise:

Support /Resistance:
support: 7320
resistance: 7377, 7411-17

Until 7415 is quite a nice move but when it jumps 7400 then it usually moves beyond 20, weekly pivots: 7425-7450

News: quite bunch of news ...
ZEW Economic Expectations -11 previous 8.
Unemployment Claims - 421 expected
Existing Home Sales - 5.21
Philly Fed Manufacturing Index - 20.2
Mortgage Delinquencies
CB Leading Index
 
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