Hey Folk
Here we go again
This will be done earlier as i am going to travel out of the country for awhile. So it is as of Thurs 27 Nov. Anyway it is Thanksgiving day today. Have fun.
Not so good news/data streaming out from the US yesterday night. Stock market came off and then climb up again. Market are expected to be slow due to holiday season.
Review from last week trades:
I am right on stock market.
Still holding on to long positions.
Did not do any other trades as they do not fulfilled my entry rules
current open position
current open position
Long stock market
This coming week
Gold - The overall trend is down. Let see more closely the movement of this metal. It might change from downtrend to uptrend. My take is it will stage a rebound then come off and creating new lows again. But i am always wrong so take it with a pinch of salt.Gold indeed is trying very hard to stage a rebound. Watch it!!
Oil - Trend is down. The look of it is that the down move will continue. OPEC meeting apparently have no impact of the price of oil.
Stock - Break up higher again. Stay long. Buy on dips. No sign that the stock market is coming off yet.
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. Waiting for setup to formed. However seems like a rebound is already happening.
Bonds - Buy in Bonds. Moving up as well. It is not usual that bonds move along with stock but it is because of the prolong low interest environment and cheap money. So Bonds move along with stock market now.
cheers folk
