The most important news was the break down of GOLD. Eventually a short covering rally could occur later, the weekly close at the low at 1.482.36 is very important to all markets. The DOW's wedge seems now to be in place is another bad news for the markets. The slow and thin trading in all stock markets Friday does not say anything, only gives the robots new inputs for the coming week.
China is down and Japan has lost upside momentum. Europe is watching the US for lead and the DOW is only traded by robots the last half hour before the close, which saved the 2 hr uptrend. The 10 year US bonds are up again.
To me it feels like a vacuum with no big news in the pipeline but company reports to continue. However when we do not expect anything then it use to happen. Europe's sideways to down trends indicates that during the coming week anything can happen and I am planning for long term short positions every day in SWED which I believe will be the first to get a five wave downside correction which probably will start the bear markets as it did 1987, 2000 and 2007.
China is down and Japan has lost upside momentum. Europe is watching the US for lead and the DOW is only traded by robots the last half hour before the close, which saved the 2 hr uptrend. The 10 year US bonds are up again.
To me it feels like a vacuum with no big news in the pipeline but company reports to continue. However when we do not expect anything then it use to happen. Europe's sideways to down trends indicates that during the coming week anything can happen and I am planning for long term short positions every day in SWED which I believe will be the first to get a five wave downside correction which probably will start the bear markets as it did 1987, 2000 and 2007.
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