A note from a very conservative trend trader.
A week that is pretty full of economic data releases - in US, GER, EU, mainly, and a little with HK/CH, and AU.
For some reason, 10Y yield decreased again, and VIX spiked up a little. Additionally, China and HK have some bearish sentiments - with their TECH listings overseas.
Regarding US indices (SPX) and XJO; based on sentiment they could be a little bearish in the beginning of the week, being readied to be pumped up post cash rate decision (Thursday morning 04.00) or even post those, because job numbers are going to be released end of week.
I will trade cautiously this week with regard to US because of the announcements @ end of week. I will be ready to buy dips @ support levels, only to be released at HH. With XJO, I am eyeing to buy at support, to be released at HH - depending on chart and/or news (earnings start in August).
I am instead concentrating on DAX & Hong Kong this week.
A note from a very conservative trend trader.A week that is...
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Last
7,757.0 |
Change
-12.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,769.7 | 7,772.0 | 7,757.0 |
| XJO (ASX) Chart |