Saturday, June 9, 2012

Markets forecast for week June 11th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

▼ We were right last week to focus on the Bonds going parabolic and therefore to expect a bounce on Indices and EURUSD.

It is less clear for next week. ZB below is still in the bullish channel and a double top could happen. Meaning that Indices break down the rising wedge and EURUSD stay below the support that became resistance on weekly chart further down.

I sold COTTON $BAL with a good profit and will buy again. Still in COFFEE $JO and $GMXR (my partial sell order was not filled).
I look also towards cheap European stocks like VALLOUREC.

The Forex robot did not like the 10% drop on EURO and loosed 50% of its profits as some STOPS were triggered. Stil up 30% for 2012 anyway. I am testing now a new robot with 1 trade a day (right side of this page).

 

 

 

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