Portfolio
& Trades
- In the month of April and the beginning of June, we show, once again,
extremely positive results, with quick trades, open for just a few days, delivering anywhere between 5
an 30-40% profits. We are quite happy to see our system continuing to
deliver very
enticing profits!
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15 May 2009
Market Trends
NASDAQ - Last week we had a signal
to close the long positions that gave us great returns since the
beginning of March - and we are now working a very complex intersection
of the major moving averages that we need to handle carefully.
In the monthly view we had a crossing above the 10 month moving
average: no wonder we are now fighting a lot of resistance to cross
upwards!
On the weekly scale, NQ came back to its 10 week moving average, but its momentum support line
has not been
crossed down, giving some hope for avoiding a fast fall down.
On the other hand, the daily chart is below the 200, 30 and 10 day
averages and is inside a down channel. This could be the start of a
strong down move. However, as we said, the profile of the monthly and
weekly views
still leave open the case for a short term down trend, likely to be
followed by a mid term bull cycle.
The S&P500 is under the
same predicament, where the immediate action is bearish, but the mid-
and long-term trends are still up.
Crude Oil is attempting a
comeback, up from the bottom reached in Feb/March, and has been stuck
in a three months long trading range.
The long term view is deep in negative space, while the
intermediate-term profile is at an interesting junction, indicating an
important crossroad may be coming.
The daily profile is back at short term support, so the stage is
set for important days ahead, that will define the new long term trend
for oil. We'll stay on the side here.
Gold - Long, mid- and
short-term trends are up for gold. No questions to be long on this
market, although the next couple days may see a small retreat. Let's
check mid-week for new long positions. |
QQQQ
- Daily chart
Mini-S&P500
- daily chart
US
Oil - daily chart

Gold - Daily chart
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