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  • Article / 30 June 2015 at 13:45 GMT

    History on repeat in Swedish equities?

    History on repeat in Swedish equities?
    The current market situation has similarities as to what occurred back in 2011, a situation that, given the circumstances, probably shouldn't be ignored. Let*s also have a look at the consolidating USDSEK which surprisingly ended on a weak note yesterday despite market turmoil. In addition on my agenda today are H&M and Kinnevik.
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    DudetteUK DudetteUK
    Good morning Johan.
    It seems that your scenario is in play for the Swedish index. Thanks for the trade idea, let's see how it plays out over the...
    Johan Berntorp Johan Berntorp
    Note that in 2011 just before the break-down, there was a huge red candle. A spur of sudden optimism quickly reversed, so price action is definately similar....
    Johan Berntorp Johan Berntorp
    It would be my guess that the market was more tense back then...we'll see. This weekend should prove important for obvious reasons.