First of all, we forgot to mention in our latest update that our long position on the IBEX had been stopped on Monday.
Closed at 10257.6: 10257.6 - 10131.3 = 126.3 (gain)
Looking at the chart of the Sigma Whole Market Index, there is no major change at this stage: the market remains stuck between both blue lines. We need to break this trading range in order to get the next trading signal.
Looking at our indicator, there is no change. The Sigma Trend Index remains close to its zero line and other indicators are neutral at '3'.
The ST model uplifted its stops on both the CAC and the EuroStoxx:
Short Term Trading Book:
- SPX: long at 1830.28 (stop @ 1807, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3477.72(stop @ 3405, 5pts below the ST model to take into account bid/ask spread)
- CAC: long at 4374.06(stop @ 4340, 5pts below the ST model to take into account bid/ask spread)
- EStoxx: long at 3115.67 (stop @ 3103, 5pts below the ST model to take into account bid/ask spread)
- DAX: stopped
- IBEX: stopped
Medium Term Trading Book:
- No more medium term position at this stage.
Out of model position:
- 1 put SPX, MAY, strike 1400 @ usd2.85
- 2 short NDX @ 3487.38
