Back to reality?
2 days of a bounce … that seems to be everything, one can ask for …
After the close market was reminded that …
- Financials are still not over it … Merill numbers were BAD … today we await Citibank …
- Even Techs can miss again … Dollar weakness alone does not let earnings […]

Here we go …
SEC’s “short rule”, Wells Fargo’s dividend hike, chart supports, small VIX spike, down manipulated oil, margin calls, Friday’s expiration and the soon to be released earnings reports …
Take whatever you want … believe the talking heads or have your own plan
Nothing changed … it is still Benanke & friends […]

Market volatility is getting nastier by the day … if you trade them … nice or nasty P&L Swings guaranteed …
Anyway … situation fundamentally unchanged … the financial system is fragile … BE AWARE!
Today we reached … and so far HELD some KEY LEVELS in the markets … so BOUNCE ALERT!!!
Dax held downchannel at 6025 […]

Due to a business trip, service will resume Tuesday, July 15th …
Take care!
Oli

UBS said today morning, that they need no fresh capital … and this was seen positive
Sometimes I can’t believe it … Remember … the UBS capital increase was only weeks old
Then Goldman put out a study on European Banks … telling (at least part of) the truth.
They need more MONEY … up […]

Thanks to Mr Trichet, who sold a “one-raise-done-for-now” to the public, markets stabilized
But especially the US market did not really bounce away from the “edge of the cliff”.
The shortened session ended flat … if you want to see it positively.
So enjoy your long weekend and let’s see, what next week brings

Difficult day tomorrow … a “half day” in America with Friday being a national holiday …
And the markets are at the cliff’s edge … still balancing … but without any firm grip …
What will we see???
- the third bounce from this level … which would be very rare?
- a short lived bounce which will be […]

H2 started quite volatile … and we all should be aware … as this footprint will be seen now many times …
But to that later …
First a word to the market as a whole …
What setup did we have?
A 9th down day in a row for the Nikkei … a record down month for June […]