Few days ago I wrote here that this could be possibly the best time to close long positions in European stocks. The swift reversal is indeed followed. 

We now can expect Eurostoxx50 has started to make a huge Topping process. I am not advising to sell short if you are not seasoned operator, but it is definitely the right time to radically reduce exposure.



 

According to a recent Bank of America Fund Manager Survey, Europe is now the top pick of managers for the coming twelve months. A record 63 percent of fund managers are allocating their assets toward Europe, up from just 18 percent earlier this year. More than 80 percent see the Euro-area economy strengthening this year, boosted by export growth tied to a 25% plunge in the euro amid fresh quantitative easing by the European Central Bank. “It is as if there is not a single bear left,” said the bank’s European strategist. He followed up with, “Bullishness towards European stocks has reached unchartered territory”.

The best time to liquidate long positions in European stocks is NOW. Still, it's too early to start a bear raid.

 

First time we touched a USDRUB long-term perspective  here well more than a year ago, and then we reiterated our stance here. Now, as price is rapidly approaching our stipulated targets, it's time for us to start taking profit on the trade. This by no means should be interpreted as if we call a top in USDRUB now. Trend is up, and the long term target remains in vicinity of 60. 

Всем спасибо! 

Short term overbought, but it's rather a sign of strong longer term trend.

Вот писали тут   что Сорос сделал много денег, продавая йену. Красавец, а как же он так смог? Да вот так, просто:








( Читать дальше )

Вот образчик «типа TА» — человек задним числом констатирует «глобальный тренд»! Прогноз? 50/50, может вниз, а может, новые максимумы.



А




А вот для сравнения  TА:


( Читать дальше )