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Tuesday, 31 July 2012

TLT - are we there yet?

More and more signs that TLT is topping (see weekly chart below, negative divergence, decreasing volume). However, I think we are still not there yet.

SP500 - short term update

in the very short term we might see higher prices but I'm sure that the SP500 is trading at around 1330 soon...

Wednesday, 18 July 2012

SLV - bullish view

I already bought SLV a few weeks ago and increased my position today. There might be another short drop coming soon but fundamentals and the positive divergence (price - RSI) in the chart confirmed my bullish outlook.

Wednesday, 11 July 2012

EURUSD - quick update

Closed out my small short position in the EURUSD as we see positive divergence in both the hourly and in the daily chart. Wouldn't be surprised by if we see a correction to the upside before EUR turns down again. However, no reason to go long...there is still some crash potential in the EUR.

Wednesday, 4 July 2012

Europe - who works hardest?

The result of a recent survey. The Euro crisis definitely leaves its mark. Still some funny surprises :)

Tuesday, 3 July 2012

SP500 - short term bearish

Took a short today...expecting 1320ish soon.

Housing - stunning performance

The housing market was probably one of the best performing sectors within the last year (see weekly chart below). Since its 2011 lows it shows a stunning 70% increase. If house prices do well stocks usually follow. Whereas there is potentially still a lot of room to the upside I see this index coming down sooner or later again. The following months and years will tell the truth.
Regarding SP500 - short term bearish. I expect a retest of the 1320 levels.