We did not publish anything since end of August and let us discuss today how did it go and were we would like to go.
The DAX did an interesting ride during the last weeks. The index recovered very well from his bottom at the begin of August. The resistance line was able to withhold for the third time. There is too much money on the market and it is looking for some interests to earn. That is all.
Nevertheless the index passed 9700 points. So far that was normally the top for a long time this year and the DAX was always forced again to the South. We will see if the index can cross this time and continue to achieve the goal of Dt. Bank. The bank predicts 11.000 points per the end of the year.
How are our investments doing?
Allianz we said on August 10th would be a candidate for an investment. 138.35 Euro was the price as of last Friday. We recommended the paper at a price of 121.10. We made 14.24% profit. The paper is currently overpriced. Get ready to close the position.
We recommended on August 10th also Infineon at a price of 8.22 Euros.
The paper got some corrections during the last week and could recover. Currently with 8.99 Euros we achieved 9.4% profit. The strengths indicator ADX indicates the trend will get weaker. It might be right to call it a day and close the position.
On August 10th we said "hands off of Lufthansa". Not worth an investment. How did they perform?
As we can see on the chart while the DAX recovered, Lufthansa was not able to set up a rebound. But let us look at a long time chart.
The chart shows very well how the paper did perform over the years. The market is full of money but Lufthansa was not able to cross the 20 Euro line. This development has nothing to do with the current union issues. We think in the long run we will see 8 Euros again.
On August 28th we spoke about Dt. Post. We thought Dt. Post is a buy and the market confirmed our judgement.
6.9% increase since we discussed the stock is not a bad development. The chart did get a big jump on Friday and might start a little bit lower on Monday but overall we expect the chart to go back into his channel.
Muenchener Rueck was also on our agenda.
The stock increased the price as expected and got a small correction last week like the majority of the stocks got. On Friday the chart shows us a buy signal. We expect the stock to cross the 200 days line soon. The indicators of our trading system are looking good.
But as always: just my 5 cents......
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