The Amazon stock marked an important new historical high. Exceeding the level of $ 3000 per share, Amazon shares continue in this bullish trend, which has been affecting the stock for several months now.

The Covid pandemic benefited Jeff Bezos’ company, which thanks to the forced closure of businesses and shops, gained market share, accelerating the process of transition to online by the population.

Even those who were not accustomed to using the internet for their purchases, during the pandemic have probably tried this method and (always very likely) will continue to use it in the future.

The Dax is the most promising index among the European stock exchanges

Despite the Wirecard case, the Dax index remains the most promising of all the European price lists. Particularly interesting is the downward exposure of private traders who, in an almost unnatural way, are positioned downward on this stock market for more than 80%.

A downward exposure that does not promise anything good, given that for the entire first half of July the Dax has a positive seasonality, which only after mid-July should change in the negative. I say should because, as is normal, seasonality is not something certain, which is why it is important to use it in synergy with other analysis tools.

“Sooner or later we will have to deal with all this “fake” wealth put on the market”

Gold: that’s why we have to have it in portfolio Is not a secret that central banks around the world have printed an incredible amount of money. Sooner or later we will have to deal with all this “fake” wealth put on the market and, most likely, this is one of the reasons that is pushing gold upwards.

A confirmation that Gold can still go up a lot in the short term is given by Sentiment Trading. Over 60% of traders are placed SHORT on Gold, something really weird given the trend and given the nature of gold’s
safe haven.

Institutions also tend to accumulate gold in their portfolios, so much so that increases up to $ 2000 per ounce are not excluded.

Do you want to take advantage of these trading opportunities?
Open your account with www.tradeviewforex.com and use our platforms MT4, MT5 and cTrader.

Michele Morgante

Bussines Development
mmorgante@tvmarkets.com