Thursday, March 3, 2011

Market Trends

1. The yield on 10-year government bond stabilized yesterday and based a support around  3.4, if the yield will pass over 3.5 you should check  investment in TBT ETF (UltraShort 20+ Year Treasury) TBT looks good with close above 38.5, Better to wait before buying until tomorrow to see the impact of unemployment rate on the stock market.

2.S&P 500 - In the short term the trend is still downward, it is better to be out of the market and check investment in short ETF like SDS, TZA and VXX.

3.Commodities -On the rise, expected correction in the coming days

4. CURRENCIES-
  • EUR / USD - on the rise in an attempt to break the 1.385, if the euro fails to go through this level the dollar will strengthen to 1.35, if the euro will break the 1.39 level than the euro will go to 1.5
  •  AUD / USD - Trying for the fourth time to break the level of 1.02 , if  AUD will manage to break this level the next resistance will be 1.15, if not the USD will strengthen to 0.95


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