GREXIT AND UKRAINE REALLY SCARY?

I doubt that if you look at the charts. Mr. Market really ignores both effects and just delivered yesterday again a modest rally. Day by day we see a creeping rally without any big jumps, but the indices are climbing higher. We are also long recently in FTSE and AUS200, SUI 30 and IBEX and our managed account portfolio keeps delivering nice returns to our clients. http://bfmassets.com/managed-account.html

Market gauges Tuesday:

• Dow 18,048, +0.16% 
• Nasdaq 4,899, +0.11% 
• S&P 500 2,100, +0.14% 

After the closure of US markets on Monday for the President’s Day, Tuesday session started in negative territory, but later we were up across the board, all European and US indices closed higher. Stocks turned positive in early afternoon trade on the news, after earlier trading along the flat line just below multi-year highs despite the lack of resolution on Monday in the Greece-euro zone standoff. The S&P 500 closed at 2,100 at the first time in the history that is really remarkable. The DJIA is only 10 points from its record reached late December and closed again above 18,000. This year the watchword was so far the volatility, but Tuesday was much lower volatility what we have been seeing early on.

So far this year:

• DJIA +1,3%
• S&P 500 +2%
• Nasdaq +3,5%

In technical terms as we forecasted in January the SUI 30 index from Switzerland was a good bargain. After the SNB’s decision made a typical bottoming process. We bought it first at 8,100 and still holding. Its recent price now is 8,750 and we are watching it closely while our target is still at 9,260 at the previous top, at the next resistance band. By now we got back to the midrange. The recovery would take weeks, but the investing is not a horse race.

Start your investment with our profitable team of traders: http://www.bfmassets.com/managed-accounts

The BFM Assets Team.