Monday, August 15, 2011

Here is why I am bullish on SPX

Commodity Currencies
Aud/usd is headed up to test 1.08
Usd/Cad is headed down to test .9535

Safe Haven currencies
CHF will loose more against Usd, Eur, Gbp, Jpy, Aud and Nzd
Eur/Jpy is headed up to test 115.6
Gbp/jpy is headed up to test 129.68
Cad/Jpy is headed up to test 83.2
Aud/Jpy is headed up to test 86
Nzd/Jpy is headed up to test 66

Bond Futures
/ZB is headed down to test 125'2
/ZN is headed down to test 122'3

World Excluding USA
ACWX is headed up to test 45.1

Emerging Markets
EEM is headed up to test 46 area.

Volatility/Fear index
VIX is headed down to test 14

Oil
/CL is headed up to test 102 area.


My target for SPX is 1340-1350 area