The WIG Index has crossed Fibo 61.8% from last daily peek on high volume; also the CCI and RSI indicators are making the higher highs. However we are still in primary downtrend and that has not been negated yet.
US market closed quite bad (-4.8% S&P500, -4.54% DJIA), that could trigger sell-off at tomorrow's session. Brian's video here.
Additionally, we should reconsider the triangle formation with target level ca.21500 (this post), as the rebounce seems to be quite dynamic. However, let's wait for daily buy signal at least (the high of 25550 shall be crossed) before we abandon this formation.
Polish currency options might be cancelled (here) - this topic is very interesting and can have big impact in polish stock market.
The Obama's economic-stimulus package has been accepted by the US Senate (here).
Russia seems to have some issues with its foreign debt (here).
Sources:
[http://www.marketwatch.com/news/story/Senate-approves-massive-economic-stimulus/story.aspx?guid={CCBC3CEB-7DE1-4C27-873F-DA3D3C343F2B}]
[http://www.money.pl/pieniadze/wiadomosci/artykul/ustawa;uniewazni;umowy;opcji;walutowych,205,0,426189.html (via Google Language Tools)]
[http://seekingalpha.com/article/119590-russia-about-to-default-on-sovereign-debt-again]
Posts
No comments:
Post a Comment