Report by Stockcube

Buy-the-dip - Indices have rallied into short term downtrends but recent lows should hold. At a sector level, Energy reasserts medium term uptrends, Basic Resources approaches resistance, Retail develops a short term price and relative base, Chemicals encounters short term downtrends, Industrial Goods encounters medium term downtrends and Media encounters medium term relative resistance. Stockcube’s Model Portfolio is 26% net long (34 longs / 20 shorts) with very small sector positioning. This week they opened longs in Sika (forms short term bases) and Neste Oil (reasserts medium term uptrends).