hmmm … every day something to learn …
Gaptrade went well, but merciless stopped out of long attempt … ends today’s activity as it is against the game plan … more than 100 points off from morning top … not caring for neither retracements nor other things … thanks Goldman …
Trading Days - 3
Points made -10 […]

If anybody was unclear, why the Dax did underperform yesterday … and continues to do so today … Goldman Sachs … the Masters of the Universe … downgraded the Dax to NEUTRAL … yesterday for them … today for their clients ???
Good for the clients … this time

Situation:
U.S. Markets: up bigtime but facing first resistance … Carrytrade and shortcovering leading the way
Asian Markets: up …
Currencies/Commodities: Yen losing further ground against the Euro … Oil stabilizing a bit after losing 4$ yesterday
Events: US … PPI, Retail Sales, Bernanke speaks
Dax: underperformed yesterday … 7850 7830 should lend support today … resists: 7920 … 7960 […]

Nice move … have we seen the start of the next upleg of the Bull market?
Yesterday selling until the bell … then … BoJ … no rate move and more or less the assurance to stay put for the time being …
so we had nice reversals in Asia … Hongkong … and then the […]