Friday, July 29, 2011

Forecast for week August 1st 2011 ( $SPX $SPY $ES_F $NQ_F $DAX $CAC40 $EURUSD $6E_F) :

Another great forecast last week. A bullish wedge is forming on the S&P500. After they did all their best to lower the stock market and after they bought all they can, indices are ready to resume their bullish trend.
It is less clear for EURUSD. 1.45 is the level to watch. Below we are still bearish.
Some stocks were on sale last week. I hope you kept enough cash for these nice opportunities. My biggest bet is on VK (Vallourec) french stock, for a swing.





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