Saturday, June 1, 2013

The Weekly Review: Start of the Correction or Crash?

AUD/USD continues its weakness but slowing down on reaching support. EUR/USD bounced from its bearish state and reverses upwards as USD continues to weaken. EUR/JPY slowly moving down as JPY gains strength.
JPY crosses are slowly moving down as the JPY strengthens up. Will see more movement down from JPY crosses especially from USD/JPY and AUD/JPY.

US Stocks
Stocks are pushing down on the Friday. Notice there was a double top.

Totally missed out this great short. Weeks of bulls wiped out within 3 days.

Singapore Stocks
This reminded me of my previous post on the "The REITS Bubble". Panic sell in just a week.

Dividend stocks like StarHub are taking huge hits.

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