Here we go again after a long break from posting. Trades are done. Let review what happen
ECB say rate unchanged, but 60bn bond purchase per month till Sept 2016. QE traditionally will spur stock market to move higher. So i guess the stock market is moving higher. In fact the rest of the world are doing QE one form or the other, only the US had stopped. So naturally, the US will again resume the leader of the world and the safe heaven and their USD will appreciate while the rest depreciate.
Next week is FOMC meeting.
Review from last week trades:
Took profit too early on S&P500
current open position
This coming week
Gold - The trend is turned into a uptrend.
Oil - Trend is down. The look of it is that the down move will continue. However, i guess now is a period of no one dare to long and no one dare to short.
Stock - Buy on dips. No sign that the stock market is coming off yet.US stock market may be capped. I do not see alot of room of movement till next year. But any price about 18000 in the Dow will let the market move higher.
China Stock market is a buy too. It have relive. Any dips is a buy. Moreover, the bull is young in this one. The chinese govt have introduce a little stimulus into their economy in around July. All stimulus like we know will boost the stock market
Currency - Most of the currency like Eur. Gbp, Nzd, Aud, Yen are in a downtrend. i will be still be looking for the down side in all of them. Beware of dead cat bounce