Wednesday, August 5, 2015

AEX Daily News

Support is at 455, 446, 432, 406, 428, 390, 367 en 331. Resistance is at 501, 505, 510 and 564. All numbers are rounded and based on the daily, weekly and monthly timeframe. We have two gaps to fill to the downside.

Above mentioned levels correspond with the purple horizontal dotted lines in the embedded AEX Charts (Daily, Weekly and Monthly).

Additional support and resistance is created by the trendchannel, the 55 MA line and the gaps.

For an explanation of the abbreviations and the Trend Trade & Investment Principle see the bottom of this blog. Please also read the disclaimer there.

AEX Daily Update (based on previous business day)

Daily Time Frame Trading
AEX @ 500,02. (AEX Daily Chart).
Daily SMA-55 positive and Channel neutral.
CTP mode.
Last TTIP mode since 27-07-2015 as of 481,52 ended 31-07-2015 as of 495,23 with a loss of 2,85%.
Weekly Time Frame Trading & Investing
AEX @ 500,02. (AEX Weekly Chart).
Weekly SMA-55 positive and Channel upslope.
CTP mode (S-P-R ratio not long supportive).
Last TTIP mode since 16-01-2015 as of 432,98 ended 26-01-2015 as of 459,14 with a profit of 6,04 %.
Monthly Time Frame Equity Investing
AEX @ 500,02. (AEX Monthly Chart).
Monthly SMA-55 positive and Channel upslope.
CTP mode (S-P-R ratio not long supportive).
Last TTIP mode since 16-01-2015 as of 432,98 ended 26-01-2015 as of 459,14 with a profit of 6,04 %.

Notes: There is a possibility the current anticipated weakness will morph into something more significant. For more see my "A Broader Stockmarket Perspective" update of 28-07-2015. We have two gaps to fill to the downside.

Choose your own Targets and Stoplosses by looking at the Resistance and Support levels (purple dotted lines) in the embedded charts.

I only trade and invest based on the Trend Trade & Investment Principle. My views on the future as expressed in the notes are not taken into consideration.

For an explanation of the abbreviations and the Trend Trade & Investment Principle see the bottom of this blog. Please also read the disclaimer there.