What we are experiencing now … the first days of 2008 … is exactly that, what we call in a daily sense the “Amateur hour”. The first hour of trading, where all the amateurs buy and sell and wrong positions get closed/stopped out. And as we know, it is the hour, which the professionals use [...]

As X-mas comes closer, it gets more difficult to be interested in the markets … Even more as the main themes are still the same … NO CHANGE … and it seemingly won’t change for some time down the road … Housing, subprime and recession on one side … Asian growth, splendid tech earnings and [...]

Situation: U.S. Markets: Markets sold off again after the huge gap, caused by the moves on liquidity by the centralbanks. We traded down to new lows before recovering 20 S&P points into the close on rollover … NEW FRONTMONTH on the US equities from TODAY on … MARCH 2008 … so S&P is 10 points [...]

Situation: U.S. Markets: Finished in the red … could have completed an ABC-Type correction … which could spark buying today. Fed seems to be trapped to deliver on a rate cut … 50bps seems a real possibility … even a bigger cut for the discount rate seems possible … OMG … Merill announced that they [...]

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 [...]