Markets forecast for week August 6th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼ Well, nothing changes in my charts. Still the same configuration.

On indices I am still bearish below S&P500 1400 and below the next resistance. Maybe a trading range until summer end.

Everyone was so heavily bearish on $EURUSD, that it is normal that we had a little retracement to squeeze some shorts and/or hit their stops. We remain on the bearish weekly pitchfork.

Same in Crude, weekly bearish pitchfork.

You can go back to beach....

 

 

 

Markets forecast for week July 30th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼ Indices decided to respect their channel doing two nice up days. S&P500 could push to 1400, maybe with a bullish fund Monday. But then it should retrace down to stay in its channel.

Nothing exiting on the $EURUSD. We remain on the huge bearish pitchfork.

Nice week anyway ou some of our stocks, NYRSTAR +16%, NICOX +12%, still stalking $DANG and $GMXR.

 

 

Markets forecast for week July 23rd 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼ Nothing changing and again, good forecast last week (except maybe a beginning of week more bullish than expected). Still bearish for next week with nearly the same charts and same channels since 2 month.
Stalking $DANG between 4 and 4.5$.

 

 

Markets forecast for week July 16th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼ Nothing new for next week, even after a counter trend Friday up. We stay in our bearish channels, on Daily, chart below, for $ES_F and Weekly, strong bearish pitchfork for $EURUSD.

Currently totally flat, waiting for another low to enter the market again.

On my wishing list : $JO coffee, $BAL cotton, $USO oil, $GMXR, $DANG...

 

 

Markets forecast for week July 9th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼ Perfect forecast last week. I just keep the same chart. Indices and $EURUSD should globally go lower.
Portfolio totally flat. Stalking new opportunities.
Will post entries in real time on Twitter.

 

 

Markets forecast for week July 2nd 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼End of June window dressing and Euro news made a big day up last Friday. I imagine a bullish or sideway mutual fund Monday and then a correction to stay on the flag of the daily chart below. Others could see an inverse shoulder head shoulder which should be bullish. To sum up, it is not clear at all for next week ;-) !

On the weekly $EURUSD chart further below, the pair is still in the bearish pitchfork, so guess what...

I sold COFFEE $JO with a small profit. I keep $GMXR. If other commodities go down again, I will buy them : $BAL, $USO, $SLV, $JO.... We are still in a buy crash mode.

 

 

Markets forecast for week June 25th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼ Nothing exiting for next week.
Indices are still in a bearish channel and bearish wedge. The range should be between 1350 and 1250.
$EURUSD is still in bearish channel or pitchfork too.
Same for Crude Light.
For long term investors, commodities start to be interesting. I would wait for another low to reinvest in stocks.
Still on the radar ($JO, $BAL, $GMXR, $DANG, and for Europe $QUESTERRE, $NICOX, $VALLOUREC, $AIR FRANCE...





 

Markets forecast for week June 18th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

▼ I am Bearish for next week :
Indices are still in bearish pitchfork, on a rising wedge and below a big resistance 1350 for S&P500.
Same for $EURUSD. They will try to lift it on Greek or G20 news maybe, but only to short it heavily later.
Bonds are still in an uptrend.
Some stocks did well last Friday with more than +10% like $GMXR, $DANG, $SOL... but I do not trust them. Take your profit early like I did on COTTON $BAL or GMXR.

 

 

 

Max Keiser on banks ($SPY $TLT $ES_F)

 

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).

 

 

 

Markets forecast for week June 4th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

▼ We were right again last week, forecasting another leg down.

This week it is less clear as we are touching some supports. If you look at Bonds below, they are going parabolic. We are near capitulation. But the chart is still showing some room above. So for next week, I think Indices and $EURUSD can still go a bit more lower, but maybe not in a straight line.

So the good thing is for long term investors. I started new position on COFFEE $JO and COTTON $BAL. Looking for COCOA, URANIUM and even CRUDE but only if we go very low.

$DANG is not far my entry point around 4. $GMXR already made good trades on it, but hoping a lower price for heavier swing entry. QUESTERRE ENERGY $QEC.CA $QEC.O (Canada or Norway) is moving on volumes those days. Risky long term bet but a good one.

Our Forex robot is suffering with this 10% drop on $EURUSD, and loosed a part of its 50% gain. I closed already some pairs and will try to close all, as I have a new version to install.

 

 

 

Markets forecast for week May 28th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ We has a little bounce on indices as expected but not on $EURUSD. The trend remain bearish.
On Daily NASDAQ below you can see a repetition pattern and a bearish wedge on the S&P500 below it.
We should have a lower low / double bottom before to see any change.
On $EURUSD we are right on the support. Everyone is bearish, targeting 1.2. That is too obvious and I would not be surprised to see a contrarian move.
I bought some $GMXR, sold a few, just doing some low risk scalp longs.
I bought COFFEE half size $JO, and missed COTTON $BAL entry. Stalking $URANIUM $URA also and $DANG.
I look also towards European stocks are they are very low and EURO also. Just difficult to choose the right one as some as VALLOUREC loosed 30% already.
Our Forex robot, always in, was not in a good shape last week as he closed some loosing position. A weaker $USD would be helpfull. We are testing a new one on demo account too, one trade a day.

 

 

 

Markets forecast for week May 21th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▲ We were bearish last week.
We stay bearish but we could see a technical bounce as both S&P500 and $EURUSD arrived on a weekly support as you can see on the weekly charts below. They did not penetrate it. $EURUSD started a little bounce, maybe short covering, NAT GAS and WHEAT did the same. So watch 1290 on $ES_F and 1.26 on $EURUSD.
I am starting a new position on $GMXR, half size, below 1.
Hoping for a double bottom on $DANG around 4.
Just watching $FB for fun, too risky, too much BS and mass manipulation....
COFFEE is still a buy but did not came to my buying level yet.

 

 

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.

 

 

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.

 

 

Markets forecast for week April 30th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ Well, Indices and $EURUSD are doing better than expected. S&P500 (below) stays in the bullish Pitchfork, but could be facing a double top. A lot of  Insider selling seen on big caps (AAPL, GOOG, GS...) ... and funds adding to short positions : not good.

$EURUSD is strangely very strong despite bad news like Spain downgraded, maybe due to Fed Quantitative easing expectations. I am long term bullish on $EURUSD but this looks a bit optimistic to me. And you know that big players need to move the crowd to be able to put their big money against it. So I still look for another big down, so they can short this market and find an excuse to launch QE3.

$CL, crude still in the bullish Pitchfork too. Nat Gas had a nice technical bounce, easy to trade, as written in our post 2 weeks ago.

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Markets forecast for week April 23th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ I am bearish for next week on Indices and $EURUSD.

S&P500 is still in the bullish pitchfork but a bear flag is drawing inside a downtrend channel. That's makes me pessimistic for short term. NASDAQ is already on a downtrend channel, helped by APPLE and GOOGLE, down a lot due to court issues.

Same for $EURUSD, little up beginning of the week then down again.

Forex managed accounts are now available, starting from 5000 US$. More details on ExclusiveFund.com .

 

 

Markets forecast for week April 16th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ Another good forecast last week. For next week, I will look at 1350 on S&P500 to decide the way. It is a very important level : lower part of the bullish channel and of the weekly Pitchfork. I am afraid they could send the market lower to force Bernanke to launch QE3.

I am also a bit bearish on$EURUSD that could go lower to touch the lower line of the triangle.

One cam play risky trade long Nat Gas for an oversold bounce (but still bearish long term). How is it possible that we pay 10 times more to put gas in our cars ! What a stupid world...

A little news concerning our Forex managed accounts (MAM or PAMM) that many of you ask for. We are currently testing a new broker, in a financial regulated country, connected near our servers. Only restriction : minimum account size 5000 US$.
Also we are discussing with a serious US bank, for bigger Forex managed accounts above 100 000 US$.

 

 

Markets forecast for week April 9th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $JO) :

▼ Perfect forecast again last week on indices. As we broke the bearish wedge, we should first go down to the next support line around 1360, well, except if it was a bear trap.

$EURUSD went down to the support line, that should be a good first entry for long term long.

$DANG and $GMXR had a great week. Coffee $JO still hesitating. Crude still in the bullish pitchfork.
Let's see the first companies results.

 

 

Markets forecast for week April 2nd 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $JO) :

▼  I was right on the Indices consolidation, but I expected it bigger. it seems that bottom are bought regularly. But it still looks toppish too, the wedge is narrowing, so I won't do any swing long for now. Except  in coffee $JO.
Intraday trading in $ES_F is difficult those days as there is no volume, no rhythm, confirmed by my friends on the Chicago Floor. I start again to broadcast live my new chart template (with new Nyse Ticks indicators) on Ustream (right column of this page), just testing for now and not much trades.

$EURUSD is still following our plan, long term bullish.

Nothing new on robots. Forex one still ok as you can see on the right of this page, but we can run it on client account with a minimum of 100k only. There is still no solution for PAMM accounts with a good broker in a safe and controlled country.