Sunday, April 3, 2011

Forecast for week April 4th 2011 ( $SPX $ES_F $NQ_F $DAX $CAC40 $EURUSD $6E_F) :

The S&P500 seems unstoppable ! The bearish wedge is still building, many stocks are overvalued and maybe the double top will be the signal for a pullback.

EURUSD transformed a wedge into a bullish channel. Buying pullbacks is still the strategy for next week.


I am still short LIGHT CRUDE $USO $UCO but with Gabon strike and Lybia, this trade will be longer. I will add short if we reach 110.

Concerning french stocks I took my profit on SOITEC and SIPH. I will buy pullbacks again, same with VALOUREC.

US stocks : $GMXR jumped without us. Looking for $DRYS. Still long $URA





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