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Key Trade SELL EuroStoxx 5th Sept 2011
Key Trade SELL EuroStoxx 5th Sept 2011
POSITIONS
+ SELL EuroStoxx
Summary
SUMMARY
POSITIONS
+ SELL EuroStoxx
5th September Sell Dec 11 EuroStoxx 50 (1/2 pos) @ 2126. Stop @2229.Take Profit @ 1923
Disclaimer
(1) TECHNICAL: 5th September Sell Dec 11 EuroStoxx (1/2 pos) @ 2126. Stop @2229.Take Profit @ 1923
161.8%
DJ Euro Stoxx 50 Index EUREX Continuous 3200 3150 3100 3050 3000 2950 2900 2850 2800 2750 2700 2650 2600 2550 2500 2450 2400
WEEKLY continuation Chart The market has completed a large Double Top whose minimum target is about 1600.
SUMMARY
Positions POSITIONS
SELL EuroStoxx + SELL EuroStoxx
38.2% Low from weekly continuation char t 2333 AND COMPLETION LEVEL OF DOUBLE TOP
Low 2070
Low 1784
J J
S O N
D 2009
M A M
J A
S O
N D 2010
M A M
A S O
N D 2011
M A
M J
A S O
Low from weekly continuation char t 2333 COMPLETION LEVEL OF DOUBLE TOP
38.2%
2350
2300
The short-term chart has completed a continuation triangle whose minimum target is 1900 or so. Stops above the close of yesterday 2207, say 2229.
2250
2200
2150
2100
Stop @ 127.59
2050 2000
Stop 126.87
1950
1900
Disclaimer
13
20
27
4 July
11
18
25
1 August
15
22
29
5 September
12
19
(2) FUNDAMENTAL 5th September Sell Dec 11 EuroStoxx (1/2 pos) @ 2126. Stop @2229.Take Profit @ 1923
The Euro zone Sovereign debt crisis remains unresolved and with a potential constitutional crisis building in Germany will it ever be? The German Chancellor has lost much of her own partys support for the bail-out measures and she has agreed to placing a huge question mark over the Euro zones ability to carry out the rescues it is committed to. Moreover, politicians are questioning whether the ECBs actions in buying beleaguered government debt are even legal under the terms of current governing treaties. Add to this a brewing Euro zone banking crisis and slowing growth and it is no wonder stocks are looking bearish. When you also consider the weakening US economy, we can only see stocks heading one way We recommend shorts.
SUMMARY
Positions POSITIONS
SELL EuroStoxx + SELL EuroStoxx
Disclaimer
SUMMARY
POSITIONS
+ SELL EuroStoxx
SEVEN DAYS AHEAD Authorised and Regulated by the FSA 124 REGENTS PARK ROAD LONDON NW18XL TEL +44 (0) 7849 922573 E-MAIL msturdy@sevendaysahead.com, pallwright@sevendaysahead.com WEB SITE SEVENDAYSAHEAD.COM The material and information set out in this research is not intended to be a quote of an offer to buy or sell any financial products. Any expression of opinion is based on sources believed to be reasonably reliable but is not guaranteed as to accuracy or completeness. The material and information herein is general and for informational purposes only. Although Seven Days Ahead endeavours to provide useful information they make no guarantee as to the accuracy or reliability of the research. The derivative market comprises volatility and considerable risks. To the maximum extent permitted by law no responsibility or liability can be accepted by Seven Days Ahead, any company or employee within its group for any action taken as a result of the information contained in this presentation. You are requested not to rely on any representation in this research and to seek specific advice from your accountant, legal adviser or financial services adviser when dealing with specific circumstances.
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