Having caught a nice little move upwards in the Nasdaq 100 on Friday afternoon, I am looking for further long positions in the US indices today. I am still less enthusiastic about the European markets, especially the FTSE 100.
for analysis of some leading equity indices.COMMODITIES
The dollar is in the right timeframe to change course. The 77-day cycle is bottoming out around now, and the greenback could therefore form a low this week. I see no imminent signs of it, however, as the dollar is not particularly beaten up on its daily chart. My instinct is that this cycle turning-date will be a dud.
In this environment, my preferred strategy would be buying into commodities, particularly copper, which has a strong chart just now. Gold and silver are less convincing from where I am standing.
for analysis of some leading commodities.
