Dominic Picarda’s Daily Pick – 16/12/13

The FTSE is now at oversold levels (<RSI 30%) on its daily chart. This is the sort of area from which past rallies in this bull‐run have begun. Given its weakness in recent weeks, I would sooner play the upside I expect via the DAX or S&P. That said, I see it regaining 6700 before long.

DAY: Buy again when the 21 and 55 EMA’s cross.

POSITION: Nothing for now.

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