Unless you plan to hold Long positions for a while, I'd consider hedging or closing Longs on NY Open, as I sense we may get some heavy selling again through NY Session, this is most likely to drag European Equities down again. Trade with care.

Carpe diem: Intraday tactics for Dax and Dow

Recall the risk factors to Dax - EUR strengthening and Rising Commodities prices, both happening at the moment.

Carpe diem: Intraday tactics for Dax and Dow

Just curious if we will get a re-rating on EUR/USD, with USD weakening. It may limit upside on Dax.

Carpe diem: Intraday tactics for Dax and Dow

I don't think Dax is oversold on Avg PE ratio, given its 16.2 (@11,730pts). Dax is still much cheaper than US Equities (SP @ Avg PE ratio of 19.4).

Carpe diem: Intraday tactics for Dax and Dow

Dax has broken its strong trend channel since start of this year. I now expect a retracement in excess of 400 points. 400 points seemed to be the repeating retracement range in this trend channel. Possibly a retracement to 11,546 could be on the ...

Carpe diem: Intraday tactics for Dax and Dow

What we are seeing in US Equities is possibly a re-allocation of funds from risk-on investments (stocks) to risk-off (pending rate hikes - fixed income). Below are examples of what happened to SP during periods of rate hikes. You will notice that ...

Carpe diem: Intraday tactics for Dax and Dow

SP did this initial pullback on Open, dragging Dax with it. Then they both rose...

Carpe diem: Intraday tactics for Dax and Dow

Banked at 12017... Sit an wait now and work out what's going on. +92pips this week.

Carpe diem: Intraday tactics for Dax and Dow

Let's hope so... I've been carrying at Long since Monday. Limit set for 12042.

Carpe diem: Intraday tactics for Dax and Dow

I wonder if auto-sales get triggered just before 12k...

Carpe diem: Intraday tactics for Dax and Dow

Gap down on Open today, looks like it will drop again following SP movement down. Who knows how far, it closed strongly last night. Love to be proven wrong by the Dax today

Carpe diem: Intraday tactics for Dax and Dow

Also strong US data = USD strength = EUR weakens = Dax up more.

Carpe diem: Intraday tactics for Dax and Dow

Keep dropping EUR. Pump the Dax to the heavens.

Spider's Den

Hey D1 - Given the unfortunate circumstances with Luftansa of recent, do you think it will be replaced in the Dax 30 (assuming its sold heavily)?

Carpe diem: Intraday tactics for Dax and Dow

Bad news. GermanWings A320 crashes in French Alps. Owned by Lufthansa - Part of Dax....

Carpe diem: Intraday tactics for Dax and Dow

Good time for short positions on EUR/USD ? Its like doubling up on Dax.

Carpe diem: Intraday tactics for Dax and Dow

EUR/USD moving strongly, 1.098 seems like it may be good to short now? Desperately want EUR to weaken, particularly against the USD so the Dax can lift to new levels.

Spider's Den

Thanks D1

Carpe diem: Intraday tactics for Dax and Dow

Most impressive 140pts in 30mins. Interested to see if it continues upwards today. On fundamentals I thought it was going keep heading down. Keep going Dax.

Carpe diem: Intraday tactics for Dax and Dow

I'm not sure if PMI will drive the Dax to those heights. Key thing is USD weakening, particularly against EUR. We want EUR cheaper to increase Forward Earnings on Dax multinational and Dax exporting companies. Not only that, a cheaper EUR makes it ...

Carpe diem: Intraday tactics for Dax and Dow