Last few days the WIG Index has been struggling around level of 30000. The current setup visually suggest correction, nevertheless there are no technical signs for any drop and we are still above the open gap from 4th of May.
Descending volume show indecision in the market, but the weekly uptrend is intact. Therefore as per trend we should buy into it. We are not able to forecast the future direction of the market, thus always place a stop loss order and use proper money management - even in case of dramatic drop we should have our capital preserved.
US financial institutions stress tests' results are available here. Results show, that several banks need to raise more capital to cope with current circumstances (here or here).
Bloomberg has tested few technical analysis strategies based on oscillators over S&P500 index. Results are quite interesting (here).
Sources:
[http://www.federalreserve.gov/newsevents/press/bcreg/20090507a.htm]
[http://www.huffingtonpost.com/2009/05/07/stress-test-results-banks_n_198797.html]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aSrwXWx4jGQw]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aM76hi1IDeOo]
Posts
No comments:
Post a Comment