Again, that was an interesting week. The war games in East Europe do not any good. On Friday we could see how the stocks felt like a stone after they caught some Russian military vans in east of Ukraine.
Nevertheless how was the week? Actually the week was good. The DAX gained 0.92% and we are confident it could have been more.
It looks like the support line of 9.000 worked again and the index bounced back. With a correction of over 10% there is now enough space for further growths as long we do not see more of these unqualified actions of the EU and Russia.
We said last week we do not have a clear signal of our system what to buy and can only suggest for risk investor where to go. Let us see how the companies performed last week:
Allianz = 3.49%
Infineon = 2.65%
K+S = 1.75%
They all performed better than DAX but nevertheless the indicators still say that development is not stable. Future will tell.
We also said hands off Dt. Bank and the week confirmed it: -0.49% but it looks like they paper found a bottom. Lufthansa also found a bottom and it looks like the stock price goes up again. We were wrong last weekend.
What is new in Germany? Where to go with new investments? According to our trade system there is nothing as already discussed last week. All good developments of DAX listed companies of last week could go away just like that. We are walking on shaking ground. But our system brought up a name of the second league: Jenoptik
On Thursday the last indicators of our trade system went into a buy phase. Things are looking good.
But as always: just my 5 cents.....
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