20100429

Unfortunately, I was not able to post new chart for the last few sessions (due to work related to my secondary project).

The WIG Index gain +1.48%:

The market has generated daily sell signal. Depending on your strategy, you might want to hold with new positions or try to buy near the resistance level (for separate companies).
Nevertheless, the primary uptrend is still strong and our strategies should be long only until market says differently.

There were few interesting papers over few last days:
  • Fabrice Tourre's private mails (here or here). In my opinion, the Goldman Sachs releasing internal documents is strange. Aside from exposing one of its Executive Director, it provides view in their business model and investment culture.
  • Greece bonds were downgraded to junk level status (here). That might spark a discussion of the Eurozone's economic fitness.

Sources:
[http://www.scribd.com/doc/30533463/Fabrice-Tourre-s-emails-Belgium]
[http://www.marketwatch.com/story/tourre-emails-show-agony-ecstasy-of-banker-life-2010-04-26]
[http://www.ft.com/cms/s/0/adda620a-52e1-11df-813e-00144feab49a.html]

No comments:

Post a Comment