06.30.09
20090630
The WIG Index lost -0.35%:
The market lost all of its gains in the last several minutes of trading. The volume was higher than yesterday, but still low. Oscillators are confirming the fall.
General situation does not encouraging and we should not think of new positions unless the daily trend recover.
Bernard Madoff has been sentenced to 150 years in prison (here). Video report here.
Some thoughts about USD in long term (here).
Sources:
[http://online.wsj.com/article/SB124604151653862301.html]
[http://seekingalpha.com/article/146159-is-the-dollar-dead-in-the-long-run]
[http://www.youtube.com/watch?v=3eU4FI4yEvI]
06.29.09
20090629
The WIG Index gained +0.87% with quite small volume:
Nothing new can be said about general situation.
The small volume of fall can be positive sign, but the broken daily trend and downtrend in oscillators are discouraging from entering any trades.
Opinion poll results for the US stock market (here).
Please keep in mind, that some further entries can be delayed, due to personal reasons. It is quite hard to always keep with daily publications without any organized resources and process, especially when trading is not the main source of income.
Sources:
[http://seekingalpha.com/article/145922-stock-market-buy-hold-or-sell-poll-results]
06.27.09
20090627 – EURPLN, CHFPLN
The EURPLN has fallen few points in this week:
The CHFPLN registered quite fast drop on Wednesday; there are rumors about Swiss National Bank intervening (here):
Nothing really changed in our situation. Both currencies’ charts are still confusing.
Nevertheless, I’m still quite bearish on those currencies, especially on the CHFPLN. Both, Swiss National Bank and National Bank of Poland have intervened to weaken the Swiss Franc and those are a powerful allies on polish mortgage owners side. However, this is my own and very subjective opinion.
Sources:
[http://www.guardian.co.uk/business/feedarticle/8575219]
