Sell facts and "Sell in May and go away" maybe ruling in May. After a correction of Trump Movement and French Elections, the index is 20% up since Trump and 10% up from the beginning of the year - a 5% contraction would be healthy.
Later, before German elections I guess that Angela might win and pro European moods (risk-off) would help to drive the index higher...
I am going to bet that Le Pen wins the election. I believe that the Macron victory is already in the price, after first round of elections. Now he is approx. 20% lead vs Le Pen. So if Le Pen wins there would be a much bigger surprise. I will open a small position.
The risk ratio is between 2-3, so this is comparable to every trade I make.
If in the France, everything goes fine and Macron or Fillon will be vs Le Pen, then the EUR will be stronger and pound weaker, next week ( and making also a small rally in the stocks in Europe and maybe in US --- earnings season).
Then this would be a chance to open one more time a long position in the pound.
A level of 1.2660 - maybe reached.
Region 1.2660 -...
A new elections soon --- it will cause always volatility. And since, the BREXIT will be discussed, the volatility will increase.
Supposing, BREXIT will not happen, pound will be strong, and the increase of UK100 was partly due to weak pound, I see the index to go down - of course if the tomorrow (19th April) vote will be in favour for new elections.
Possible new election in UK, 8 June. On April 19, the UK government will vote whether there will be new or no elections. If, so a winning party may not be so eager to BREXIT.
I guess, that a tomorrow voting was already discussed and tomorrow 2/3 of the House of Commons will vote in favour of new elections.
Taking into consideration that, BREXIT is in the price...
VW surprisingly (taken into account the VW Diesel cheating) did well last year. I saw no reason in this quarter concerning something bad in VW sales. Besides market is slowly forgetting about Diesel Gate. it seems that VW 1Q results to be good and therefore I see a potential price increase to test the height of 156 EUR.
It seems that, until may the index will go up. and the old saying "sell in may and go away" may be valid. 1st quarter seems to be strong, so the quarter results will be strong as well.
A potential buy zone around 12160, maybe good idea.
After a failure of sell-off, Twitter price looks good now. It is not overvalued according to me.
Thanks to Trump the Twitter has chance to be no source of live news/live TV/live events.
If this happens, TWTR will be much higher than today.
BTC may reach all time high or even higher, but for sure a correction wave would happen.
By that time one of the possibility to play against BTC, would be to open long ETHBTC (Ethereum cryptocurrency is now underperforming in my opinion).
For me ETHEREUM is BTC-2.0 and I thing that in the longer run, Ethereum will overpass BTC in terms of applicability (this...