Monday, March 16, 2015

Equity market should be able to have some follow through after today's bounce from oversold last week. I except it will be range bound for another week or so before finally moving up at the end of March and earlier April.  So any pullback to below 2060 for S&P500 should be good buying opportunities. You might be able to get one more entry around that area next week. The big set up for profitable trade might be later next week. I will closely monitor the market to confirm my idea.

Euro finally has a little bit bounce from the sharp selloff of earlier March.  A lot of people will watch for par price, but I don't think it will get there at this time.  I expect Euro will also have another week or two's range bound, before moving higher. 

Crude oil drops to lower low today, and it's still in down trend. It's possible to break $40/barrel next few weeks. 

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