EURUSD DAILY STRATEGY

Direction: long

Target: TP1 – 1,3325

Protection: SL – 1,3260

Our setup: 1,3288

Background: During the night the dollar declined versus most of its major peers after FED official, James Bullard cautioned against excessive optimism over the US economy. Bounded up to 1,3300 within an hour. We see very bullish attitude on EURUSD. We bought that cross this morning and after a volatile day, up-down moves can hit our target resistance level at 1,3325.

 

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EURUSD DAILY STRATEGY

Direction: short

Target: TP1 – 1,3235

Protection: SL – 1,3285

Our setup: 1,3270

Background: Since 8th of August the cross is in downside mode. Yesterday made a significant sell rally and during tonight at the Asian session couldn’t recover, so still strong the short momentum. We sold this morning at 1,3270 and due to the very quiet summer movements we have only 35points target.

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KIWI DAILY STRATEGY

Direction: long
Target: TP1 – 0,8035
Protection: SL – 0,7968
Our setup: 0,8000

Background: The short trend was broken on 10th July and since that time the cross has been in bullish momentum. The long side has been stronger and pushed up sharply higher from 0,7660 to 0,8000 area within a month. The uptrend is still intact so we bought again at 0,8000 and our daily target is at 0,8035. Which if it is taken will affect on our account 1% gain.

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House wifes started to buy stocks

"…retail investors poured a record $40 billion into stock mutual funds and ETFs in July," Marketwatch
This development it doesn’t indicates yet bad sentiment. Biggest part of the small investors in the last 4 years just watching the equity market and now they want to earn money. This can be a bad inherent movement in long-term, also could indicate stocks have moved into lofty territory, but it could take 2-3 years until the market really crashes. For the IPO market, is a great news that is having its best year since 2006.

Last week and still now the indexes and stocks near record highs. Stocks hit highs on 2nd of August, the S&P 500 finishing that day at its intra day high of 1709.

Technically on Dow30 there is a key support level at 15390, which still holds price. If that is taken the price could go down further, but we are still bullish on indexes the uptrend is not yet broken. The resistence level and take profit area is 15640.

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House wifes started to buy stocks

"…retail investors poured a record $40 billion into stock mutual funds and ETFs in July," Marketwatch

This development it doesn’t indicates yet bad sentiment. Biggest part of the small investors in the last 4 years just watching the equity market and now they want to earn money. This can be a bad inherent movement in long-term, also could indicate stocks have moved into lofty territory, but it could take 2-3 years until the market really crashes. For the IPO market, is a great news that is having its best year since 2006.

 

Last week and still now the indexes and stocks near record highs. Stocks hit highs on 2nd of August, the S&P 500 finishing that day at its intra day high of 1709.

Technically on Dow30 there is a key support level at 15390, which still holds price. If that is taken the price could go down further, but we are still bullish on indexes the uptrend is not yet broken. The resistence level and take profit area is 15640.

YOU WANT EARN OVER 30% PER YEAR?

Invest into our fully regulated swiss fund: http://blindfoldedmonkey.webs.com/our-fund

EURUSD DAILY STRATEGY

Direction: short
Target: TP1 - 1,3335
Protection: SL - 1,3405
Our setup: 1,3380

Background: The great picture is that the pair is pretty bullish. Since 2nd of August the cross showed a huge gain. Almost each day was up for 7 days in row. Today is Friday, so could come some correction because before the weekend the  long traders covering the profits on their positions. Technically it needs to come a correction too today.

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US indexes around the tops

U.S. stocks on Wednesday fell again. That was the third day in row. Still there is some uncertainty over the cuts in the Federal Reserve’s monthly bond buying program. But against the concerns the indexes are still very bullish. I am not surprised by this because the market slowly get familiar with that QE tapering. In the market’s view the world could exist without stimulus.
This week around 1% is unremarkable. Still we are over double-digit rise so far this year. DJIA -0.31% closed down 48.07 points to 15,470.
The Dow last week was at an all-time high of 15,658.
The S&P 500 index SPX -0.38% shed 6.46 points to 1,690. S&P 500 last Friday closed at a record 1,709.

Technically on Dow there is a huge support level at 15.400, until it holds the index the trend is unbroken and very bullish. That is nice behavior against the summer the market is close to the top, it shows how the strength the long side momentum.

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