Hey Folk
Here we go again
China have surpass USA as the world biggest economy. This is measure by GDP. They also become the largest importer of the world. That means they are purchaser too.
In my blog 2 years ago, i did mention that to keep RMB and buy china market. Honestly i have not being looking at China market for awhile, it is time to look at them.
Investor that have invested in unit trust into China fund will benefit too. This market is a bull and it is a young bull. It have an element of wild ride too. So sit tightReview from last week trades:
I am right on stock market. Took profit on some of the positions in the stock market and establish new positions.
I am right on the Eur, Gbp, Aud, Nzd as well. Took profit on most of them.
I am right on gold as well.
I am right on gold as well.
current open position
Long stock market
Short GBP
Short Gold
This coming week
Short Gold
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.
Oil - Trend is down. The look of it is that the down move will continue. Perhaps $63.50/barrel is a very strong support as of now. It is good for the economy in the long run for low oil price.
Stock - Break up higher again. Stay long. 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. Setup formed and shorted them.
cheers folk
