SPX: Watch today for window dressing
According to CNBC in the past three trading days about 35 B US-Dollar habe been pulled out of stocks and pulled into bonds.
Art Cash called this as "rebalancing"
Now this might be over. Watch today the SPX for a strong recovery day.
Art Cash called this as "rebalancing"
Now this might be over. Watch today the SPX for a strong recovery day.
Comment:
If prices go up in the next 4-6 hours this shortterm Trade will be closed. If it's goes up, sell before the bell.
Trade closed: stop reached
Trade closed manually
Comment:
Most European Markets closed today on an intraday high or 52-week high. Most of this positions are closed today even the bias is still to the up side.
US-Markets showed a lot of nice set ups in the last week but at least one (NDX) failed. For me this means to step a bit more to the side line, to take profits and watch the comming days for the further direction.
There are some more active trades but protected with put options to hedge the positions. The DAX-Trade is still 1.000 points ahead from the entry point and i will keep 30% of this.
US-Markets showed a lot of nice set ups in the last week but at least one (NDX) failed. For me this means to step a bit more to the side line, to take profits and watch the comming days for the further direction.
There are some more active trades but protected with put options to hedge the positions. The DAX-Trade is still 1.000 points ahead from the entry point and i will keep 30% of this.
