Tuesday got all the indices on down side with small upward correction at the end. The daily trends are sideways to down. According to Marketwatch many investors have started to sell long term held positions because the situation overall now is too risky. The technical picture indicates further risk for downside. SWED and DAX 2 hr trends are down and short sellers dominated the market Tuesday. HSI seems to top out in China now. NIK is unclear. EURO, OIL and GOLD are sideways and the EURO could easily break on downside taking the stock markets down. No big news until Friday 14:30 when the US employment situation will move the markets as usual.
No comments:
Post a Comment