Forex/Futures ST for Week 5/13-5/17

greenback · 发表于 2013-5-11 11:31 PM

本帖最后由 greenback 于 2013-5-12 12:36 AM 编辑

There is no question that bulls won last week hands down. However, if you want some reason to remain cautious, here you are.
Both SPX and DAX are repeating a topping pattern on the weakly chart ... see the circled regions. Their RSI/MACD are also similar ...
NKD is completely out of the BB band! So we are still sticking to our call in last week's summary, a top is close.

greenback · 发表于 2013-5-11 11:34 PM

Well, NIKKEI and Russell are both good. I don't think the pattern of NIKKEI has occurred before. It's crazy!

However, we don't argue with the market, so our long positions of the portfolio are half in NIKKEI and half in NDX, both in funds and futures.

greenback · 发表于 2013-5-11 11:39 PM

Bonds are reversing, US bonds are testing ma20, German bund is still in the top, testing the S/R, JGB is finally coming down as predicted by Bill Gross of PIMCO. That's why we are still in the short of JPY. See below.

greenback · 发表于 2013-5-11 11:59 PM

Currency majors move last week can be mostly attributed to a strengthening USD.

EURO and GBP got rejected by ma20. JPY broke 100, AUD broke down; the latter two are triggered by fund flow data and a rate cut, respectively.