Hey Folk
Here we go again
Review from last week trades:
Took some profit on China A50 and holding on to some
Took Full profit on GbpUsd
Long S&P500
current open position
China A50
S&P500
S&P500
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. It is good for the economy in the long run for low oil price.
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.
cheers folk
