Report 02/2019
The recovery phase of indices continuing , even if in a less vigorous way, supported by a more relaxed climate about war duties and the possibility of a less aggressive recession.
Our idea about restart is different and gets into consideration a technical-operational aspect, even in the presence of recessive signals that keep coming out.
Our vision rises from the reading of our "Sentiment" indicator which, as we pointed out last month, reached significant minimums (as in 2012 and 2015) determining a potential turning point in market sentiment.
Furthermore, by open positions at COT attest return to buying of Commercial Traders (operators that influence markets trend) and this supports our thesis.
Giorgio Giovannoni
We attach schedule of the portfolio.