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Thursday 26 April 2012

SP500 - quick update

Apple definitely gave the markets a massive boost. If I had to make a bet for either side I'd go short ... but that's more a guess as I don't like the steeply rising wedges that much as it makes it a bit difficult to find the proper timing. Below 15 minutes chart shows three rising wedges (the red ones) which are actually all ready to break. We might soon see 1360ish...
Regarding currencies: compared to same time yesterday the USD gained a bit of value compared to the other currencies. I still see a bit more potential for a dollar strengthening. Current holdings: short NZDUSD and GBPUSD and long USDCAD. I might get rid of USDCAD soon.

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