This may excite the Dax Bulls... Current Avg PE ratio of Dax30 = 15.54. vs Current Avg PE ratio of US Equities = 24. -----> give or take a few points for accounting differences perhaps. That gives the Dax a lot of scope to rise.... But obviously the ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, I think the logic is on the lines like - if the result of a rate cut fuels Equities (risky assets) higher, then it could result in large carry-trades (more borrowing of Yen for nothing - increasing money supply of Yen), and selling the Yen ...

Carpe diem: Intraday tactics for Dax and Dow

Wonder if BoE will cut rates today.... UK GILTs look like at least a 25bps cut. Watch FTSE, and GBP pairs in a couple of hours on decision time. url

Carpe diem: Intraday tactics for Dax and Dow

this may have triggered a shift from bonds to equities... url

Carpe diem: Intraday tactics for Dax and Dow

wow that was a nice breakout on pre-trade session, let's see if we can go higher... +80 so far, and I banked it early! Looks like we grind higher into time series reversal dates of 19th/20th july.

Carpe diem: Intraday tactics for Dax and Dow

Actually, just updated the model, could be a low coming up... have to wait and see, and trade on those dates accordingly.

Carpe diem: Intraday tactics for Dax and Dow

Hi Maximus, Next time series date is 19 July 2016 (SP500) and 20 July 2016 (Dax). Could be a reversal on those dates, really depends if we are interim high or interim low on that date. Its looking like an interim high on that date. Cheers

Carpe diem: Intraday tactics for Dax and Dow

Not to mention Abe get's into Upper House on w/e, and today announces more Abenomics. Standard

Carpe diem: Intraday tactics for Dax and Dow

It means that the Participation rate has increased... Participation rate slightly decreased last time.

Carpe diem: Intraday tactics for Dax and Dow

Draghi speaks in 1hr 20mins... so trade carefully. who knows how the market me react. loads of negative news in the media, but the gap down has made it tricky today.

Carpe diem: Intraday tactics for Dax and Dow

cnn.com/money section has a daily pre-market commentary, suggest you read before trading SP500/Dow before it opens... its updated daily, sometimes its useful, today's link is below: url

Carpe diem: Intraday tactics for Dax and Dow

According to cnn.com; apparently only 1% of SP500 company revenues come from Britain... so the effect of Brexit on SP500 is almost negligible in theory, and hence why I think its going to new highs soon.

Carpe diem: Intraday tactics for Dax and Dow

Quite possible, as I had it as a time series reversal date also (like 24 June 2016 earlier)... But as we are not really at a strong interim high, I'm not so sure that time series is a strong signal for reversal this time round.

Carpe diem: Intraday tactics for Dax and Dow

I think we've been trading the wrong market lately I feel... Have a look at the FTSE, and when some where saying it was going to collapse any time soon, it just shows you what a weakening currency can have an effect on stock markets. FTSE has been ...

Carpe diem: Intraday tactics for Dax and Dow

I agree with this, even if you look at historical price action of recent, once we close above 9600, it usually pops north into the 9800-10000 range. But things may be a little shrouded given Brexit, so as always, trade with care. I see resistance of ...

Carpe diem: Intraday tactics for Dax and Dow

SL hit.

Carpe diem: Intraday tactics for Dax and Dow

Exit 50% at 5pts. SL @ B/E set for remaining share.

Carpe diem: Intraday tactics for Dax and Dow

Long SP500 @ 2021.9, TP set for 2033 @ 20sma on 4H.

Carpe diem: Intraday tactics for Dax and Dow

Few other handy links here for those that are interested: url url url url url

Carpe diem: Intraday tactics for Dax and Dow

Closed my longs earlier around 9466 and later at 9485-9490s... No positions now. Don't really like these gap-ups during a down market. Seems supported, but it can break down no doubt. Gonna sit this out for a while.

Carpe diem: Intraday tactics for Dax and Dow