Forecast for week May 2nd 2011 ( $SPX $ES_F $NQ_F $DAX $CAC40 $EURUSD $6E_F) :

Good forecast last week for S&P500. After this nice run up for end of month window dressing, we see a bearish wedge that should make a pullback for indices. European ones are touching the upper line of the rising channel, confirming the possibility of a pullback.
On EURUSD we did not have the little pullback expected. As we reached directly our target of 1.49/1.5, we will be more cautious on the long side and wait for a trend to show off.
We had successful trades on SILVER short-side, and will short again any run higher.
We will add short positions on OIL if WTI reach 120. Adding also on URANIUM if lower (longer term)
Our order buy on $GMXR missed for 2 ticks, last Friday, and we did not enjoyed the 5% run.