Morning Report Wednesday 9 July 2014
US indices and the German DAX are turning lower: how will this influence tech stocks?
Investors, never underestimate what a market can do…..Germany 7 – Brazil 1.
Even after the amazing win by Germany over Brazil this morning, the German DAX generated technical sell signals last night, registering its second +100 point fall in two days. Sell signals were also confirmed by the Russell 2000 (small cap index), but not by the larger S&P / Dow. Overall, as I remain negative over coming months looking for an improved buying opportunity, I felt it was time to scan my eyes back over the technology sector that through its volatility, can deliver some excellent opportunities.
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