Hi Punters, another week gone! I have not traded this week. Been to busy to give it the attention it requires.
Mower's Short Cuts
ASX 5464 (-49)Come back from post GFC highs. MACD has crossed down but still trading mid EMA lines. RSI (50) is on the slide. I think it has bounced after its mini-slide. Decent international sentiment will see ASX on up again.
FTSE 6813 (+118) Last weeks call was go long. It did not disappoint. Near recent high/res. It is near top of recent trading range. RSI has topped at 70.4. Fair way above EMA10. Could be due for a rest. All looks good for run up but I would not open long. BUT I would hold an open position but look to take profit on show of weakness.
DAX 9542 (+77) Last week's call (crystal ball) was down to 9300 then up. Well it got to 9365 then big green. Consolidating now at this level. Just above EMA10 but is upper-mid in recent trading range.
DOW 16495 (+104) Again my default position on DOW is long. On EMA10 . A red on Friday but up trend still in place.
S&P500 1878 (+12) Similar to DOW.
CHINA50 6717 (+7) Fairly sideways. EMA lines crossed down and MACD is flat. Not displaying its usual volatility. Even RSI is flat mid range. Index been in down trend for last month. This could be the base for the turn?
Good luck all! Even the Lions won last week!! Swans to beat tonight?? Hopefully?
