All markets are moving slowly on upside or sideways. No sign of moving out of the last two days small range. U.S. PPI today at 12.30 might give some impetus to move either way. If markets don't move on downside today the 8 day MA will turn up and by doing so setting a floor under the indexes. Then there use to be a run up to the falling daily 21 days MA. So far the markets have been sleepy since Last Friday and I get the feeling that there are not enough traders who want to run for the upside. Economic forecasters is trying to make a story of the European debt crisis again and put the blame on Europe why the U.S. does not move. The truth of the matter is in my opinion that the U.S. and Europe are both stalling into recession and they don't understand what is wrong with the economy.
Many people and traders have lost very big sums of money so far in August and they might still lick their wounds instead of moving back into the market. But the very big traders are probably the winners and they will sooner or later come out and fight for short proffits again.
The Swiss franc has made a very good move on downside and I know that several of my readers has maid good profits so far. CHF is in a difficult situation on political rumors in Switzerland how to take down the overvalued currency. Gold on the other hand is on its way to test the old High.
Oil or Crude charts seem to break on downside soon, a new oportunity for short sellers.
For private consultations my email is: olle.ahlmark@gmail.com.
Many people and traders have lost very big sums of money so far in August and they might still lick their wounds instead of moving back into the market. But the very big traders are probably the winners and they will sooner or later come out and fight for short proffits again.
The Swiss franc has made a very good move on downside and I know that several of my readers has maid good profits so far. CHF is in a difficult situation on political rumors in Switzerland how to take down the overvalued currency. Gold on the other hand is on its way to test the old High.
Oil or Crude charts seem to break on downside soon, a new oportunity for short sellers.
For private consultations my email is: olle.ahlmark@gmail.com.
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