Draghi speech will set off European Equities again... Dax in particular.

Spider's Den

Recalculated the average PE ratio on Dax and it is 16.6 currently (@ 12028pts)... So its nudging closer to SP. An average PE ratio of 17.5 would bring us to approximately 12,653pts. Hoping for a pullback, and then I'll ride the Long to this ...

Carpe diem: Intraday tactics for Dax and Dow

I don't think that source is correct, I have recalculated it based on another source provided by D1. Dax average PE is approximately 15.664, which is much cheaper than the SP500 (around 19.2). This explains why the DAX is being bought up during NY ...

Carpe diem: Intraday tactics for Dax and Dow

Dax destroyed me today with Longs.... Thank god for the SP

Carpe diem: Intraday tactics for Dax and Dow

100% because of strengthening EUR.

Carpe diem: Intraday tactics for Dax and Dow

I can't imagine what's going to happen to the Dax when the US Fund Managers come online with an exchange rate at 1.056!

Carpe diem: Intraday tactics for Dax and Dow

Great thanks...

Carpe diem: Intraday tactics for Dax and Dow

Would really appreciate some views on SP500 and where you traders think the support levels should kick in.

Carpe diem: Intraday tactics for Dax and Dow

SP500 cash overnight is looking pretty bad... not sure if that's causing most equities to tank today. Anyone have any idea of the interim support levels for the SP500?

Carpe diem: Intraday tactics for Dax and Dow

Hi T, I'm curious what value do you think the AUD/USD pair would be assuming the Fed normalise their central bank rate to 3.75% (as per the MarketWatch article say by 2017), whilst the RBA kept its current rate of 2.25% on hold. Let's assume ...

Spider's Den

That was spot on entry and exit. Only the master can do that!

Carpe diem: Intraday tactics for Dax and Dow

I thought this was a good article on US Equities, but interestingly on slide 6 it shows what the FOMC participants think the US Fed rate should be in 2014, 2015, 2016, 2017 and then the "longer run": url This may help you with understanding the ...

Spider's Den

Just reading the local newspaper today, and the RBA are likely to sit on the fence until Yellen & the US Fed Reserve Bank introduce the first of the rate hikes in the US around mid June 2015. In the article, it indicated that RBA would like the ...

Spider's Den

I think the Yankie Funds might be onto the Dax at NY Open, as the EUR/USD is very low today (1.113 atm), favourable for US investors. Dax is now more than 200pts below its high. This may be a relief rally, but I think we may see more selling over ...

Carpe diem: Intraday tactics for Dax and Dow

I joke with my mate and call the phenomena of the March pullback on the Dax as the "prophecy", the Dax has done some big ones at the start of March for some weird reason: url If the prophecy holds, then I would expect 350pts as a minimum pullback ...

Carpe diem: Intraday tactics for Dax and Dow

Let's hope the Yankie Fund's buy the DAX and send it to new levels on NY Open. T minus 3 hours to blast off.

Carpe diem: Intraday tactics for Dax and Dow

hope we get a little pullback on London open...

Carpe diem: Intraday tactics for Dax and Dow

Australian bond market still pricing at least one more rate cut (25bps), and given the RBA want the 7500 target for AUD/USD pair, there is a fair chance we get the rut cut tomorrow. 2yr Govt Bonds have priced a 45 bps cut (1.8% yield): url

Spider's Den

PE ratio = Price (share price of every company) / Earnings (earnings of each company). Fundamental analysis to ascertain whether the underlying asset (company, index, etc) is over / under valued. The lower the PE ratio, the cheaper the asset is ...

Carpe diem: Intraday tactics for Dax and Dow

I did the recalcs on the DAX, it has an Average PE of 14.9 at the current Index level. It looks overbought on the charts, but on fundamentals, possibly not. I understand that the Average PE for the SP500 > 19 at the current Index level. Source: ...

Carpe diem: Intraday tactics for Dax and Dow