That was an interesting week. Three days up and two days down. Or in other words: Friday 08/09 8338.31 points and today 8340.45 points.
Who is guilty? According to the German Newspapers it is the Fed due to not clear policies. Maybe they read different papers. We think the Fed made a clear statement about her intention for the next weeks.
On July 7th we published to go long with Volkswagen. The stock closed on July 5th by 157.25 Euros. Today the paper developed a long expected sell signal by 181.60 Euros. A delta of 15.48% for Volkswagen while the DAX as such increased by 6.85%. In 6 weeks we gained 15.5%. That is certainly not a bad performance.
Where to go next week? We asked the question already last week and said there is no company in the DAX right now convincing us to buy. We have on the radar FMC but increasing prices by falling volume is not good, is not good at all.
But as always: just my 5 cents
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