Technical Research - Euro Stoxx Index (3,091)
Quick Overview: The Index did make a new cycle high this morning but since then has moved into negative territory. Assuming we close below 3,107 we will get a false break above a cycle high which is a negative development in our view. Even though the day isn't over yet we feel that the risk/reward is attractive. Short Term Strategy: Short from market price, target 2,990 and place a stop on a daily close above 3,135. Good Luck! Support: 3,075, 3,034, 2,990 & 2,919 Resistances: 3,107-3,127 [cid:image001.jpg@01CF07D1.6B8FA8D0]
Summary of Trading Positions - European Indices: Position
Entry Date
Index
Entry Level
Target
S/L Level
Exit Date
Exit Level
P/L
Seller
5/12/2013
SX5E Index
2991
2872
2940
17/12/2013
2,969
0.74%
Seller
10/12/2013
DAX Index
9151
8770
9226
19/12/2013
9,335
-2.01%
Seller
18/12/2013
SX5E Index
2972
2872
3015
19/12/2013
3,031
-1.99%
Seller
2/1/2013
CAC Index
4263
4143
4313
0.13%
Seller
2/1/2014
SX5E Index
3091
2990
3135
0.00%
Total Average Return
-0.61%
Summary of Trading Positions - European Equities: Position
Entry Date
Index
Entry Level
Target
S/L Level
Exit Date
Exit Level
P/L
Buyer
27/11/2013
BCP PL Equity
0.12
0.18
0.11
27/12/2013
0.18
50.00%
Seller
17/12/2013
VIV FP Equity
18.63
16.40
19.36
-1.13%
Buyer
18/12/2013
EOAN GY Equity
13.00
14.14
12.80
1.73%
Seller
18/12/2013
GLE FP Equity
39.78
36.20
41.13
24/12/2013
41.5
-4.32%
Buyer
18/12/2013
HEN3 GY Equity
80.76
83.92
80.50
27/12/2013
83.92
3.91%
Buyer
17/12/2013
BARC LN Equity
254
269
247
27/12/2013
269
5.91%
Total Average Return
9.35%
Summary of Trading Positions - US Indices: Position
Entry Date
Index
Entry Level
Target
S/L Level
Exit Date
Exit Level
P/L
Seller
5/12/2013
SPX Index
1793
1746
1814
18/12/2013
1,810
-0.95%
Total Average Return
-0.95%