02/10/2012

FTSE rally top was 5843 and the close 5.791, below the falling 8 and 34 MA. This morning in Asia small range in 5.800 area.

Monday was an explosive day in all main indexes, especially DOW, SP500 and FTSE with a long bar and finally a close at the middle. I have 1 short FTSE at 5.838 which I hopefully will keep as an investment.
Asia has been very quiet and DAX opened 10 minutes ago at Wall Street close level. All main indexes have the 8 day MA down and the 21 day MA up and are trading between these lines. FTSE is close to cross its 8 MA with the falling 34 MA but has not made that yet.

US indexes still gives a solid uptrend impression. DAX looks still as the DOW and seems strong. FTSE and CAC are the only European indexes that seems vulnerable right now. I expect trading within yesterdays Hi - Lo and no change in the sideways to up main trends.

No comments:

Post a Comment