10/7/2011

DAILY COMMENT
US labor statistics came better than expected pushing stocks to new highs. Positive momentum for stocks remains strong, bonds sold off. Currencies markets were very mixed despite positive economic data coming from US. Correlation Strong stocks and strong dollar is still in play as odds to early FED exit are improving. Oscar Lafontain is calling for euro breakup as unemployment is threatening the democracy in Europe- same as our view. Asian economic data very mixed as China slowdown is getting traction. It is no surprise for us as China is in very different stage of its credit cycle.

CURRENCY MARKETS
New Zealand dollar having tough time to hold its gains from the beginning of month of March. Once this triangle is broken on upside we will go with the flow. On macro point of view Chinese slowdown may be a catalyst for deep correction. Watching trendlines for more clue here.

TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgaria http://trendroom.wordpress.com e-mail: trendroom@gmail.com, mobile: +359 887 932 839 May 6, 2013

10/7/2011

Commodities
Natural Gas futures had a nice run up for the last 2 months and we abandon this ship as our scenario is for sideways to lower correction here. Next 2 months will be hardly seen as trending and those holding longs should reduce their exposure. We do not like the volatility breakout from last week. This is a warning signal for longs.

TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgaria http://trendroom.wordpress.com e-mail: trendroom@gmail.com, mobile: +359 887 932 839 May 6, 2013

10/7/2011

INDEXES
S&P 500 futures are Broke to new highs after better than expected US employment data. Momentum is still strong here matching our view for ongoing strength of stocks next 2 months. Positions are going to extreme levels here. Trend following systems are long and we moving stops upward to protect profits. Volumes are not spectacular and this something to think about.

TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgaria http://trendroom.wordpress.com e-mail: trendroom@gmail.com, mobile: +359 887 932 839 May 6, 2013

10/7/2011

STOCKS TO WATCH
Google Inc. (GOOG) Googles stock performs very well lately gapping up on Friday after employment report. GOOG now standing right at the resistance area. MACD and RSI are very supporting last 2 weeks but the stock is forming the bearish rising wedge pattern and those holding longs here how to adjust their stops accordingly.

TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgaria http://trendroom.wordpress.com e-mail: trendroom@gmail.com, mobile: +359 887 932 839 May 6, 2013

10/7/2011

Have a great week ahead.

Disclaimer: The author, respectively TRENROOM RESEARCH AND TRADING Ltd. assumes no responsibility for the quality, timeliness, correctness, completeness of the information provided. Claims for liability against the author, respectively, against the TRENROOM RESEARCH AND TRADING Ltd., relating to damages of material or ideal nature, are excluded. All comments are not binding and reprint is permitted only with express permission of the TRENROOM RESEARCH AND TRADING Ltd. This information has been prepared in good faith based on available information. But for the truthfulness, completeness and topicality of contents we cannot take responsibility. The recipient of the letter usually gets the right to use, non-transferable, also the right to save this newsletter.

TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgaria http://trendroom.wordpress.com e-mail: trendroom@gmail.com, mobile: +359 887 932 839 May 6, 2013