Dax 30; Ftse 100; SP 500 - Market View

[psaTrading]

U.S. Stocks plunged today, led by a sell off among small companies, as investors weighed valuations and speculated the FED may raise interest rates sooner than expected.
The decline may continue tomorrow.

 

[psaTrading]

Today, 8th of July, DAX presented a good trading opportunity and I’ve made my Short entry:
Financial Instrument: Ger30 -> Entry rule: Break Out.

STOP 9934.0 Stop/Entry distance 22.0
SHORT 9912.0
TP1 9873.0 TP1/Entry distance 39.0 TP1 RR 1.8
TP2 9800.0 TP2/Entry distance 112.0 TP2 RR 5.1

RR -> Reward / Risk
Both Targets were reached.

 

[psaTrading]

Stocks rebounded from a two-day decline with the idea that the awareness of complacency in the market was offset by good news on employment and the prospect of good news about the corporate profits.

Although preferring a bearish Scenario, we have always to consider the possibility of the continuation of the rebound.

Happy trading.

 

[psaTrading]

My preference for the Scenario of a decline in the Markets, mentioned in the previous post, was confirmed today, with the Standard & Poor’s 500 Index resuming a selloff started earlier this week, as signs of financial stress in Portugal fueled demand for haven assets.

I maintain my preference for the continuation of this decline.

 

[psaTrading]

Today, 11h of July, DAX presented a Reversal opportunity and I’ve made my Short entry:
Financial Instrument: Ger30 -> Entry rule: Reversal

STOP 9715.0 Stop/Entry distance 12.5
SHORT 9702.5
TP1 9668.5 TP1/Entry distance 34.0 TP1 RR 2.7
TP2 9640.0 TP2/Entry distance 62.5 TP2 RR 5.0

RR -> Reward / Risk
Both Targets were reached.

 

[psaTrading]

The latest measures taken by the Administration of Banco Espirito Santo and the potential measures to stimulate the Euro economy, led the major stock indexes to rise while gold falls today with one of the largest declines in 2014.

 

[psaTrading]

Janet Yellen told today the easing shall continue as problems remain in labor markets and inflation is still below the Fed’s goal.

Can we conclude the markets will continue to climb?

 

[psaTrading]

Light Crude rose after the announcement of the reduction in U.S. stocks, following the increase of the processing rates in refineries.

The recent positive data from China and the great reduction of stocks, should lead to an increase of the price of this asset.

 

[psaTrading]

Today, 17th July, I've made a Long Entry on Lcrude, according to my analysis posted yesterday:
Financial Instrument: LCrude -> Entry rule: Break Out

TP2 102.86 TP2/Entry distance 1.2 TP2 RR 4.0
TP1 102.19 TP1/Entry distance 0.5 TP1 RR 1.8
LONG 101.66
STOP 101.36 Stop/Entry distance 0.3

RR -> Reward / Risk
Both Targets were reached.

 

[psaTrading]

Another great trading week of 2014.
The forum is a big help.
Which you all a nice weekend.