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Sunday 18 November 2012

AAPL - ready for a bounce

I guess the markets and apple are ready for a bounce. Hope to see at least 580...

Saturday 17 November 2012

Coffee - ready for reversal

Coffee looks pretty bullish to me now (daily and weekly chart)!

Further softs:
Sugar: looks pretty bullish too
Cotton: more bullish
Orange juice: not there yet, expecting at least USD 80
Cocoa: more bearish
Lumber: bearish



Monday 12 November 2012

SP500 vs AUDJPY

SP500 finally caught up with AUDJPY again. I'm still pretty bullish on JPY. Let's see if SP follows (down)...

Wednesday 7 November 2012

JPY - go long...BIG!

JPY charts look very bullish to me in the mid term

VIX Nov future in backwardation

Rare picture here: November Future is cheaper than the underlying!! Contrarians might love this picture as it shows that the market expects less volatility in the near future, i.e. people expect rising markets. I still stick to my November Long position for now.