7th, Daily Report

The session is expected to be slightly bullish after Draghi's words yesterday and the interest rate cut this morning in Australia. These two aspects encourage traders to buy because of the confidence provided by the behavior of central banks. Additionally, W. Buffet yesterday said he was confident that increases will continue, and this encourages investors to be more bullish even if it fits. Therefore, given the lack of relevant macro data, the session should be a continuation of the above with the effect of lower interest rates (Europe last week and Australia yesterday).

The U.S. stock exchange had ended mixed, although it seems that stocks will rise again from today's session through the words of Buffet (who criticized investment in low yields bonds and encouraged investors to look towards shares at reasonable prices), the agreement between Apple and Bank of America and MBIA to continue encouraging the financial sector. The previous day, the best was the NASDAQ with a rise of 0.37%, followed by the SP that bounced 0.19%. In contrast, the DOW was slightly bearish with a fall of 0.03%.

The session in Europe yesterday was marked by the close of trading in UK so that distorted behavior. The bad data of PMI services and the decline of retail sales, slowed the increases of previous sessions. The worst was the IBEX down 0.5%. The spread was extended to 7 points, which made that sales in Spain were higher than in other markets. The best was the DAX with a loss of 0.1% only. However, the bullish sign in Europe looks set to continue supported largely by the effect of interest rates.

In Asia, after the holiday, it has had a major upward trend with a rise of 3.55% mainly thanks to big data last week. The fact improved U.S. employment data, falling interest rates in Europe and supporting Japanese politics, it causes rises of the NIKKEI.

Therefore, for this session I expect a slightly bullish market, and a continuation for the medium and long term.




INDICES:


S&P 500

After another visit to highs yesterday, the rising of the american index is seemingly limitless. The average of 50 sessions was almost parallel to the asset price, which do not lead me to think that it could develop important corrections. RSI neutral.

Dax 30

Almost ten consecutive white candles (discard the collection of benefits yesterday) that support the German index force. Too far from the average of 50 sessions, the sector is already above the maximum month goal that I set in 8190, which can be seen clearly today.

Ibex 35

Away from the guideline of bullish support, that brings the index since July 2012, the Ibex 35 continues to be above our average of 50 sessions, which I use as support for this time range. We are still some distance from yearly highs, but we think that they may be visited in the short-medium term.