20100630

The WIG Index fell -0.31%:

The market fell further generated another daily sell signal. However, we are still in primary uptrend and it's too early to short positions.

The S&P500 has fallen another -1.01%:

I would say we are still in error margin (above psychological level of 1000), but situation in US does not look good.

There is nice analysis of US markets (here).

Sources:
[http://www.ritholtz.com/blog/2010/06/major-indices-looking-ugly-billy-ray/]

20100629

The WIG Index fell -2.12%

We have experienced quite dramatic drop and daily sell signal has been generated. Also, both oscillators are showing negative divergences.
However, market has not yet broken the psychological level of 40000 (index is still in error margin).

The US market fell -3.10%:

The US market is on the edge of primary sell signal. We shall observe it as it will have an impact on polish market.

20100628

The WIG Index closed quite neutrally -0.01%:

The market is still in consolidation and there is not much we can do at the moment.
Just a quick situation refresh - we are still in primary uptrend (thus, our positions should be long only), but in daily downtrend. We can notice positive divergence on both oscillators and we might also want to note the descending volume.

The CHFPLN has given clear buy signal:

The important psychological level was broken and those are not good news for polish mortgage owners.

20100622

The WIG Index fell -0.53%:

There is really not much to say today. We still have to wait for market actions.

China is easing Yuan-Dollar policy (here).

I'm going for short holidays for a couple of days and there will be no new charts to the end of this week:

(image stolen from there)

Sources:
[http://www.todayonline.com/Business/EDC100623-0000094/China-tames-expectations-that-currency-will-rise]

20100621

The WIG Index gain +1.11%:

Today's session was rather calm. After high open there were not much volatility.
Market still looks undecided and we should wait for market actions.

20100619 - EURPLN, CHFPLN

The EURPLN is back to psychological support of 4.00:

The currency floats between 4.00 and 4.20. Before one of those levels is broken, we cannot say much. We shall remember, the EURPLN is still in primary downtrend.

The CHFPLN is still below 3.00:

The CHFPLN is in primary uptrend, but psychological level of 3.00 hasn't been broken yet.
Therefore, nothing new can be said and we shall observer market closely.

20100618

The WIG Index gain +0.06%:

The market is quite neutral now. We are still in primary uptrend (thus, out positions should be long only) and daily downtrend. The volume is decreasing, but oscillators are showing positive divergences.
We might also note previously mentioned pennant pattern, however it is still unconfirmed, as market could not break its last high (ca.41500).
Nevertheless, the pattern/divergences analysis is quite subjective and we should only act on price actions.

Sources:
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu]

20100617

The WIG Index lost -0.86%:

The general situation has not changed and there is not much new to say.
We are still in primary uptrend and daily downtrend; we should also note positive divergences on both oscillators.

20100616

The WIG Index closed quite neutrally: +0.06%:

The index has rebounced from last high (ca.41500). Breaking this level will generate daily buy signal.

There are two interesting articles about credit cards and their options to (part 1 about Section 75, part 2 about Visa cards).

Sources:
[http://inwestowanieuk.blogspot.com/2010/06/visa-debit-chargeback-zwrot-pieniedzy.html (via Google Language Tools)]
[http://inwestowanieuk.blogspot.com/2010/06/karty-kredytowe-zwrot-pieniedzy-w.html (via Google Language Tools)]
[http://www.visaeurope.com/en/visa_europe.aspx]
[http://www.ofmdfmni.gov.uk/index/equality/statutory-duty.htm]

20100615

The WIG Index gain +0.22%:

Today's session was quite meaningless and we have to still wait for market actions.
Nowadays, I rather prefer to avoid chart patters (as they are not reliable); however, as we don't have other signals, we might want to mark the pennant pattern (yellow lines).
Pennant is considered continuation pattern, thus it's rather negative signal on our chart.
Nevertheless, we should remember, that patterns are not confirmed before we break last low (or high).

Sources:
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu]

20100614

The WIG Index gain +0.85%:

The market is still hovering near level of 40000. Therefore, we don't have much to say today.

The polish presidential election take place this week (20th June, Sunday, here). All Polens abroad should register themselves on page https://wybory.msz.gov.pl. This electronic registration have to be done till Thursday.
I encourage all readers to go voting - it's true you might have only little influence, but this is our future we are building.

Sources:
[http://www.gazetaprawna.pl/wiadomosci/artykuly/428066,wybory_prezydenckie_komorowski_41_3_proc_kaczynski_32_7_proc.html (via Google Language Tools)]

20100612 - EURPLN, CHFPLN

The EURPLN is hovering in 4.00-4.20 area:

The CHFPLN has breached the psychological level of 3.00 for a second time:

We have quite interesting setup in both currencies. The EURPLN and CHFPLN are still below important psychological levels. Breaking those, will generate strong buy signals.

20100611

The WIG Index fell -0.08%:

The technical outlook hasn't changed, thus there is not much to say today.

The US market is still hovering above the support of 1044.
Breaking this level will generate primary sell signal:

20100610

The WIG Index gain +1.18%:

The market regained some points; however, general situation has not changed.
We are in primary uptrend and daily downtrend. We can also note positive divergences on both oscillators, which is a god sign.

20100609

The WIG Index gain +0.54%:

The situation hasn't changed, thus we still are waiting for market actions.

20100608

The WIG Index fell -0.13%:

The market closed Monday's gap, but eventually lost few points at today's session.
Aside from that, there is nothing new to say; we are still in primary uptrend, thus our positions should be long; and in daily downtrend - which maybe reflected in your strategy.

20100607

Unfortunately, due to personal reasons I was not able to post chart today.

20100605 - EURPLN, CHFPLN

The EURPLN:

The EURPLN chart shows us quite rally; however we are still in primary downtrend. Not much we can tell at the moment and we have to observe the market continuously.

The CHFPLN is again near psychological level of 3.00:

We are at the edge of generating another buy signal, which are no good news for polish mortgage owners.

We cannot say much at the moment, both currencies have rallied, but they are still under psychological levels.
The rates are rising exponentially (BARR pattern) and usually, there is quite dramatic drop next (that's my subjective opinion).
Nevertheless, that is only pure guessing and we shall follow the market actions. For sure, we won't keep to our analysis blindly, when market tells us different.

Sources:
[http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:bump_and_run_reversa]

20100604

The WIG Index lost -1.56%:

We have had quite volatile session this Friday. The marked opened high and was falling for the rest of the session. However, we are still above psychological level of 40000.

20100602

The WIG Index gain +0.40%:

Nothing new can be said; we are still in primary uptrend (and daily downtrend) and out positions should be long only now.

20100601

The WIG Index fell -1.17%:

The market fell few points, however the general situation has not been changed. Market is in daily downtrend, but the primary uptrend has not been broken yet. We can also observe positive divergence on both oscillators.