Saturday, December 10, 2011

Forecast for week December 12th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

▲ As expected we had a little pullback on indices. For next week, I will stalk 1266 resistance level on S&P500 below. I am more bullish but I don't like the little Friday volume.

Some stocks had crazy UP  days last week, $DANG, $GMXR... I take it as a little short squeeze hoping it comes from big players closing their short positions. Good sign anyway.

$EURUSD was hesitating. I am still a buyer between 1.3 and 1.32, targeting 1.38 to 1.4, drawing a kind a W bottom.

I am not buyer of Gold right now, only if below 1200 as a diversification.




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