It's always much harder to keep up with the market the day right after the trip. The meeting banquet and the trip home took me two days out of touch with the market. So this week's last post becomes a outlook for the next week.
Let's start from Forex again.
AUD found support on the midterm uptrend line ... it's retesting the short-term uptrend line right now. We also have the downtrend line ahead, so need to see how it unfold early next week to assess its strength.
EURO. One word, stay away for now. It needs to show its strength ... ie the upper yellow line ...
USD/JPY is reversing down ... well the uptrend was so small lived. We now have a descending triangle.
GOLD is approaching the end of the triangle ... it actually managed to touch the lower bound again! Amazing ...
My suggestion is to stay away ... the breakout at the end of triangle is very hard to trade because its failure rate is too high ...
CRUDE is very strong compared with other risky assets ... What does this tell us???
As for stocks, not sure what's next ... so far the pullback overlaps too much, so I will take more chips off the table when the previous high is reached in the coming week(s). Then let's see how it'll go next ... As always, the reason behind the move is "safety first, profit second".
狗仔卡
发表于 2012-7-13 06:27 PM
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喧嚣卡
变色卡
发表于 2012-7-13 07:18 PM