Today we completed the THIRD(!) 10% bounce for the markets in 2009. And guess what? … YES, I’m going to fade it … AGAIN. We might have some air still left, BUT most of the bounce is done IMHO. So … nice and smooth I will start to SELL any intraday “spike” or overbought levels [...]

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 [...]

Nice downrally today as many investors abondaned equity positions ahead of H1 end. 2 pieces made all run for cover … 1. Goldman Sachs recommends to SHORT Citibank and Merill because of MORE WRITE OFFS … 2. Rating agency Fitch sees a possible cash crunch in 2009 for GM and Chrysler … even rumours of [...]