Markets forecast for week May 7th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

I left last week arrows on the chart as they were perfect ;-)
Indices, S&P500 and NASDAQ are out of the bullish Pitchfork, lower high, clearly for NASDAQ. If we break 1350 it would be confirmation of the bearish cyclical trend.

$EURUSD short term is bearish but could find some support around 1.3.
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Still stalking commodities, mostly coffee $JO.
Our little QEC.CA from Toronto or QEC.O from Oslo made a +10% (up to 28%) during the day. If Quebec was less stupid and allow Natural Gas fracking, the share could be up 500% easily.