Issue
18/2010
30.8.2010
Useful links:
Richard
Koza Idea's
 |
Stock markets little bounced on Friday
Technical situation is still bearish for US stock market indexes.
It looks like probably every big investor or portfolio manager went to
sidelines during summer and enjoy holidays instead trying to buy some
stocks. |
Latest macro data really paint mixed picture. Can we expect
continuation of recovery or we will see slowdown ? This is most
important question right now for most of investors.
Companies publish positive results. They only do not want to
present outlook for more then month or two. And so companies
do not strongly invest into equipment etc.
But mergers and acquisitions are popular again. Companies
are full of cash. They want to use it this way. We can now see
interesting bidding war between HP and Dell for 3Par company.
Regarding currencies I am still bearish on EUR. It is now in pullback
but I think more declines is in front of this currency. This is global macro
theme I follow in my fund. I do not think that EUR can offer much
brighter future then USD, GBP, CAD, CHF or other currency.
We can expect that Asia will be winning more points. There is place for
more expansion of economy there. Asian economies will rise
more then developed economies. Asian consumer will grow rich and
Europe or USA will stagnate. This is also theme I have in my
macro theme book. I am looking for trade opportunities based on this
idea.
Enjoy end of summer,
Richard Koza
portfolio manager
ATWEL Global
Macro fund
|
ETF
Watch List
Bullish ETF list: FDN, IDU, TTH, IYK, TUR and more
Bearish ETF list: SMH, IHF, DBE, EWA and more
More ETF and detailed trade setups I publish in
ETF & Stock Trading
newsletter
Bullish stock
list: ARUN, AWK, ED, FAST, ........
Bearish stock
list: ALL, BCR, NTRS, PSSI, SSRI, V .........
Silver is approaching strong
resistance level. Will it break out or is it ideal opportunity to open
short sale trade ?
