The market resumed its uptrend on Thursday, there is no sign of reversal at this stage:
The Sigma Trend Index (STI) slightly increased on Thursday, the Trend Level is at '4', other indicators remained neutral at '3':
Our short term model remains in sell mode:
Conclusion:
The market remains well oriented, but our model didn't reverse its sell position.
Short term position:
- short 1 NDX at 2734.9 (stop at 2801.28)
- short 1 SPX at 1462.67 (stop at 1492.27)
- long 1 CAC at 3722.52 (stop loss at 3720)
Medium term positions:
- short 1.5 SPX at 1376.22
- short 1.5 CAC at 3103.87