Markets forecast for week May 14th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ Indices are officially out of the bullish channel with lower highs and lower lows. So now it is range above 1340 or bearish below 1340 support. Only hope can come from Bonds that are quiet high in a bearish wedge.
$EURUSD exactly the same.
I was very surprised this week by -20% on Vallourec France as it is a great company. But minus 20% is not a buy. A bad news must be hidden somewhere. The list of -60%+ good stocks widen...
I am still stalking Wheat and Coffee. $QEC Oslo, NICOX France  had a nice bounce this week. Waiting also for a buying level on $DANG and $GMXR.