FTSE, DAX, DOW Trading Ideas and discussions

above 11900 will call for long trades...
 

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breakout point was 11700..shorter pink
so..just a bull test so far
trends are shown
we are currently in a minor downtrend that started on 22nd April
the move down this morning was just trend continuation in line with a bull test
 
11850 area should be sell, depending upon how DAX reacts to that level and how reversal signal is triggered....
 

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From CNBC: Interesting theory...

If you want to buy technology stocks, maybe you should wait two weeks. At least, that's what Societe General head of U.S. strategy Lawrence McDonald says, due to a somewhat strange market dynamic.

"What we're seeing is that during the blackout period around the time the companies issue earnings, companies can't buy back the stock. But in this quarter—after, say the 23rd or April—that's when they can again," McDonald said Wednesday in a "Trading Nation" segment.

"So staying away during the blackout period has made a lot of sense, and buying the equities toward the end of the blackout period has also made a lot of sense, because you typically have substantial outperformance over the next 60 days of companies when companies come back and start buying back their stock," he said.
 
Overnight, a HSBC survey showed that Chinese manufacturing contracted at a faster rate than expected in April. The PMI for manufacturing fell from 49.6 to a one-year low of 49.2, surprising analysts who had expected no change.

Economist Chris Williamson from Markit said the soft data added to the chance of further policy stimulus from Beijing.

"The drop in the PMI in April clearly represents a disappointing start to the second quarter, raising the possibility of economic growth having lost further momentum compared to the already-weak rate seen in the opening quarter of the year," he said.

Closer to home, growth in both Eurozone manufacturing and services slowed down in April, causing the region's composite PMI to fall to 53.5 from 54. The market had expected an increase to 54.4.

In France, Markit's composite PMI declined to 50.2, down from 51.5 in March and below the 51.8 forecast, as service-sector growth eased while manufacturing contracted further.

The German composite PMI also fell to 54.2 from 55.4 (forecast: 55.6) as growth in both the manufacturing and services sectors eased.
 
General Motors delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.

Net income in the first quarter rose to $945 million, or 56 cents a share, compared with $125 million, or 6 cents a share, a year earlier. Last year's results included charges related to recalls including a defective ignition switch.

Revenue fell 4.5 percent to $35.7 billion, below the $37.6 billion analysts had expected.
 
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