Latest trends for the markets above. Noticeable things: Currencies on a wild ride as intervention into exchange rates by the Swiss. German markets took a huge hit on Tuesday, something worthwhile to watch in the coming days. Most industries remain above their averages. The move off SPY 114 to SPY 120 in two days is a very large move. There is a possibility that we may have another up day on Thursday but I wouldn't expect too much and am inclined to look short near SPY 122. On a daily chart, the market looks like a large bear flag developing. If this eventually does break, it would bring us into the 90 area on the SPYs but it would take a strong catalysts for this to occur (maybe a default by Greece or banking crisis in Europe). One chart I noticed today was Cotton. It looks like it might be turning back to the upside after coming off significantly these past few months. I would look for it to support around 68.00 to get long.

Monday looks to be a big trading day as futures indicate we will be gapping down (as of 10pm) 23 handles / 1.9%. This gap down could trigger a strong reversal to the upside to start a bear market rally that could last a few days. This is ideally what I would like to see happen come Monday but I have no crystal ball telling what could potentially happen. Looking at current market trends we can see that trends are starting to shift to the downside for most areas of the market and currently remain very oversold which is why I expect a bounce to occur in the near term. Overall trends should remain down and I would be looking to sell on reversions to the mean. Fixed Income has seen a significant big in the last week or so, indicating that risk is clearly off. Technology, Retail, Oil and Gas remain the strongest of sectors in the market. I think it is these sectors you want to be long if the market does turn up. $BIDU $SINA $NOC $GMCR $WYNN $AAPL are some of the stock I would look to play on the long side.  

Sommertrading ist nicht einfach. Erratische Bewegungen, Korrekturen oder Garnichts. Letztlich blebt uns nur der Blick auf das übergeordnete Bild. Hier zeigt sich der S&P 500 in einer Tradingrange die seit 7 Monaten anhält. Wenig Spaß für Indexinvestments! Es bleibt also abzuwarten in welche Richtung diese Range verlassen wird. Fest steht, dass wir eine Entscheidung sehen werden. Ich denke innerhalb der nächsten 2 Monate.

$SPY very weak today. Kinda looks like an island to reversal. let's see if we chop around or break lower. banks are getting hit hard! $FAS Sector ETF looking ugly breaking the 200 day MA...watch for more downside. charts:

Das 157 - 160er Level ist (dieses Jahr?) Entscheidungsniveau! Noch gute 25-30 Punkte (ca. 20%) im $SPY und wir sehen das Top der Range! Also schonmal Alarme in die Plattform legen :-)