DAX Futures December 2022

I will probably hold my last DAX CFD 12285 into the weekend, dpending on US close 22CET.
No additional orders for now.

So done my day:+4,5+12+51+3+21,5+14,5+35+10+7=TOTAL +158,5 pips FDXM.

And done my week:
mon +218
tue +82
wed +115
yd +138
today +158,5
TOTAL:+711,5 pips FDXM.

I hold for next week 1 DAX CFD 12285.

Brixen I'm pleased to see Bonucci still playing for Italy. I'm a big fan of his.

Frankly he's not loved by his team fans, as he left Juve for AC Milan some years ago and this is not possible for a player.
The same if one english player changes team and goes from Liverpool to Everton, or Celtic to Rangers, or viceversa.

Anyway as a player probably is at the end of his career and probably lost a great chance when Guardiola asked him to go to Manchester some years ago.
Now without Kiellini is showing his weak points and he's even out of 1st team these days.

Probably his peak was at the Wembley final, last year.

76 years old and a passion of a youngster. This well known economist has balls of a teenager.......imho!

 

1. Siegel, a renowned economist and one of the best stock watchers alive, argued the Fed erred last year by not tightening monetary policy before inflation went out of control. He said it was making another mistake now by hiking interest rates and tightening monetary policy too aggressively.

1. “The last two years [are] one of the biggest policy mistakes in the 110-year history of the Fed, by staying so easy when everything was booming,” Siegel said. He added: “When we had all commodities going up at rapid rates, Chairman Powell and the Fed said, ‘We don’t see any inflation. We see no need to raise interest rates in 2022.’

1. Now when all those very same commodities and asset prices are going down, he says, ‘Stubborn inflation that requires the Fed to stay tight all the way through 2023.’ It makes absolutely no sense to me whatsoever.”

Attached Image (click to enlarge)

Just added 2 positions at 185 zone

I have now 3 DAX CFD 218

Today reminds me monday 16 March 2020 or the day when Trump won the elections November 2016.
Negative news all aorund, Asian Indices in deep red, some important currency in free fall, panic all around.
Ther's a war outside and ther's a financial war too worldwide.

On monday 16March 2020 financial markets went down until the US official open when they started a strong recovery.
On Nov 2016 after 8/9CET markets started a rally for next 2/3 months in a row......

Anyway probably these are only trader thoughts, trader mind games.....
To remain with light and small positions and to survive for another day is the lesson I learned those days.

DAX CASH INDEX KEY LEVEL for today 12200 zone, it must hold, only fast spikes down allowed, otherwise we could see the hell flames next.

257 closed 1 position now

272 closed anothe rone now

3685/88 zone for US SP500 key level for today, current pre market stands at 3683

+39 p DAX CFD=+8 pips FDXM

+54 p DAX CFD=+11 pips FDXM

I hold now only 1 DAX CFD 12218.

12290/310 zone tough tough resistance for DAX CASH INDEX now.

DAX weaket then Eurostoxx, as Italy leads the recovery in Europe

On the upside next target is previous year low 390 zone...thats my target more or less if prices remain around/above 300 zone

1. Strong recovery at last friday US close and the same strong recovery after 9CET official open in Europe, it's probably a warning to shorts positions in place.

1. But it could be only a trap to reload some shorts from higher prices, as markets are designed to fool most traders most of the time.

1. Obviously US is leading the game and everybody must wait for NY official open on the afternoon.

I was too optimistic last post, so my long position have to take into serious account a strong level before 390 zone.....

Probably it's time now to go fishing.....for a couple of hours.
I'll back around/after midday.

In hindsight it's easy. 370-360 was the daily pivot. But 405 was my upside target as shown on below (levels computed at mkt close, yesterday)