There are many mixed signals but my overall take is that the market will see some upside for the near term, then correct itself and then continue to rise to end the year in positive. The only caveat to keep in mind is the currency crisis-related media coverage that is due to happen in future, but predicting timing is a fools game. Until then, the bullish party may continue as the fed and other central banks will come to rescue every time the economic data shows the first hint of deterioration in fundamentals, in US or Europe.
$TRAN is recently showing some activity to the upside
FXY - looks like its oversold for now... However, the trend is broken -50EMA is trading below 200EMA for the first time in long time - Japanese equities may be ripe for a rise - keep an eye for entry point when FXY bounces a bit from its currently oversold levels!
$DXY looks ready to go lower and consequently commodities will rise ($WTIC, Coffee, UNG, KOL, GLD)
FXE shows 50EMA crossing over - Oil looks like a good investment -
Options - GDX SLV SSRI SLW oil & gas MLPs, RGLD,
All US Indices are looking to break out but $NYHL etc. are not showing strength for now - keep an eye when breakouts are confirmed. Emerging markets and European markets are leading breakouts already.
Brazilian equities are best for 2013 onwards. -- GGB VALE BRFS PBR SID GOL GFA ARCO BAK PZE ERJ CIG FBR etc.
Good entry points - INFY HUM APOL POT MON HES WLT FCX X GDXJ SLV DVN APA
Tech stocks - HPQ AAPL IBM NTAP FB TIBX PCLN JNPR QLGC SIMG DDD RIMM RAX TDC
$TRAN is recently showing some activity to the upside
FXY - looks like its oversold for now... However, the trend is broken -50EMA is trading below 200EMA for the first time in long time - Japanese equities may be ripe for a rise - keep an eye for entry point when FXY bounces a bit from its currently oversold levels!
$DXY looks ready to go lower and consequently commodities will rise ($WTIC, Coffee, UNG, KOL, GLD)
FXE shows 50EMA crossing over - Oil looks like a good investment -
Options - GDX SLV SSRI SLW oil & gas MLPs, RGLD,
All US Indices are looking to break out but $NYHL etc. are not showing strength for now - keep an eye when breakouts are confirmed. Emerging markets and European markets are leading breakouts already.
Brazilian equities are best for 2013 onwards. -- GGB VALE BRFS PBR SID GOL GFA ARCO BAK PZE ERJ CIG FBR etc.
Good entry points - INFY HUM APOL POT MON HES WLT FCX X GDXJ SLV DVN APA
Tech stocks - HPQ AAPL IBM NTAP FB TIBX PCLN JNPR QLGC SIMG DDD RIMM RAX TDC
