We’re preparing for earnings from Goldman Sachs coming out before US open Tuesday. In this regard the WSJ quotes Meridith Whitney: Whitney predicted Goldman Sachs would post second-quarter results Tuesday above Street estimates – she expects earnings of $4.65 a share, compared with the average analyst estimate of $3.48, according to a survey of analysts
OSEBX closed at 261.59* this friday. At these levels we consider the risk reward of long position to be profitable and increase weights in equities on the oslo stock exchange again. (click image for full size) We expect institutional investors to start joining from the sidelines and form an upward pressure. The main concern is
The top around 284 turned out to be correct, but we don’t see a volume on the selling making me shift the target for correction upwards. We have 14 points (5%) correction now and start increasing weights on OBX again around osebx at 270 meeting support levels from both fibonnaci and 200 daily moving average.
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