Scenario - next week

Discussion in 'Professional Trading' started by Temujin, Apr 16, 2011.

  1. Temujin


    16 April 2011

    Its been a slow mkts dominated by range trading.

    Except for USDSGD which is on a downtrend, most mkts are stuck on range trading.

    lets wait out and monitor to:

    1) buy usdjpy on dips
    2) buy eurjpy and gbpjpy on dips
    3) buy crude near USD100
    9 April 2011

    Dear investors / fund managers

    The last one week has seen some big trends:
    1) EURJPY and all the other JPY crosses going straight up
    2) oil, precious metals, agriculture instruments all gaining upside traction

    If u hv missed, there is no point chasing except to say buy USDJPY on dips esp if it breaks 86.00

    For the stock mkt, USA was slow and Asia strong.

    For this week, I am buying into China H shares:
    - Agricultural Bank of China
    - increasing stakes in 2233 China West cement
    and SIN stocks GLP and Mapletree Logistics

    I am out of USA and Europe stocks and keep short some DAX.

    Good luck and God bless, Temujin