Sell STX in the rally

The stock market rally was about 18% in march( low 9MARCH – high 27MARCH). This was the the month with the higher gains in stocks since 1982. The rally was supported by bulls with an optimistic view on the G20 meeting on 2APRIL.

The chart is facing some resistance in this region, in addition we have overbought indicators at current levels. At the moment Stock indicies look overdone and a big bearish trendline is passing in this 4200 region.

Trading:
Sell 4200
Stop above 4500
For retest 3600 / close 3700 / we expect nice bids supporting the market on that level

***click on the chart to see the DAX

EURCHF Upside Potential

CHF Still Safe Heaven?

EURCHF looks undervalued at these levels. The interest rate differential and fair value models suggest a higher level e.g. 1,53 in Q2.
In addition the SNB intervention menace should limit further EURCHF downtrend potential.

I recommend to Buy EURCHF at 1,4650 lvl
Stop 1,4300
For Target 1,5140