We did not publish last week any blog. But the last two weeks were exactly like we expected. Not worth to be invested in the German DAX and it was right to stay in cash. It looks like the the DAX stocks are not trendy at all. Will it change next week?
The screenshot shows the index got an SAR Sell last week. The trend is your friend and the trend goes South right now. Looking at the different DAX companies we can see it is across the board. The boiling water companies like RWE and E.ON are in a buying phase. But their business model is hoping to get help from the government. We think that is not good enough.
Dt. Bank is going to the South big times and reflects the terrible surrounding of banks. They get suit all over the place. Finally it is happen. New York is on the hunt and after them. It is sad the banks will only pay some billions and will get a "out of jail" ticket.
So, are there any stock we could invest right now? Not really, the best paper is Dt. Post. It looks like the paper got a small correction, touched the lower band of the trend channel and is ready to go up again. But it is in a really early stage.
Best way is to stay in cash or invest in other market like US where we easily made 5% during the last two weeks
But as always: Just my 5 cents...
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