Neutral position

After a correction of the oslo stock exchange benchmark index (osebx) of roughly 13%, breaching below the 45 day moving average of 275 (closing at 270.49) we now change our bearish opinion to a neutral one.

2009-06-22-osebx

(click image for full size)

Focus is on stockpicking rather than sector allocation, finding companies that shows good cashflows. Earnings season is ahead, and we expect there to be profit warnings (PWs) ahead of these, so thread careful.

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One Response to “Neutral position”

  1. David Thomspon Says:

    So from reading your blog , do i assuem you are now Bullish as you do not update ? Market Global equities look like we have one more serious dip before the Autumn is out of the way ! any currencies views , as you mention you Trade , with who? Saxo Bank?

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