07.30.09
20090730
The WIG Index rallied for +4%:
The weekly buy signal has been generated. The size of this swing is quite large, but we shall not think of it – market makes higher high and that is a reason to buy.
All orders are to be cancelled on July’s last session in this week (here). Thus, all orders will have to be entered again the following Monday (or scheduled during the weekend).
I am going for a short trip, thus there won’t be any updates for the next few days.
(picture shamelessly stolen from here)
Sources:
[http://www.gpw.pl/zrodla/ogieldzie/regulacje/uch_zarz/09/310_2009.doc (via Google Language Tools)]
07.29.09
20090729
The WIG Index gained +0.56%:
The market is in correction. As per daily and weekly trend we shall treat this as a opportunity to enter positions (but always place proper defence order).
Google will have real competitor as Microsoft and Yahoo are about to sign a partnership deal (here).
US housing is looking better (here).
Housing bubble in China (here).
Very valuable and interesting paper on trend following strategies (here). Must-a-read.
Sources:
[http://www.trendfollowing.com/whitepaper/Does_trendfollowing_work_on_stocks.pdf]
[http://seekingalpha.com/article/152103-who-will-pay-for-china-s-housing-bubble]
[http://seekingalpha.com/article/152000-microsoft-yahoo-deal-struck-will-be-announced-soon]
[http://seekingalpha.com/article/152107-u-s-housing-are-better-days-ahead]
07.28.09
20090728
The WIG Index lost -1.24%:
Nothing new an be said – we are still in strong weekly and daily uptrends. We should be playing long now, but mind money management (as always).
Some analysis of US markets (here).
Sources:
[http://seekingalpha.com/article/151713-tuesday-outlook-bulls-remain-in-control]
