European finance ministers and central bankers agreed late Sunday on a new loan program that could top 750 billion euros ($970.6 billion), designed to keep the Greek debt crisis from spreading to other vulnerable European countries.
Euro/USD shows an excellent short squeeze. I think it is going to test the 1.32 resistance level as long as it would stay above 1.27, please note if Euro/USD drop below 1.27 it would wipe out the 1.32 scenario.
For the U.S. stock market we should pay attention to 1152 resistance in S&P500. If market get above 1161 it has chance to shoot for 1200-1220.
Pay attention to 1152 and 1161, as major resistance in coming days.
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I do my best not to use complex economics terms and make this blog useful for everyone in any level of investment. The main focus will be on technical analysis, but macroeconomics & microeconomics will be covered as well.
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May
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- S&P500 Technical Analysis (05/31/2010)
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- S&P500 Resistance & Support Levels To Watch (05/25...
- S&P500 Technical Analysis (05/23/2010)
- LIBOR & Ted Spread Chart (05/21/2010)
- S&P500 Long Term Forecast (05/18/2010)
- David Hefty, CEO of Cornerstone Wealth Management,...
- S&P500 Technical Analysis (05/17/2010)
- Major resistance levels to watch in May 2010
- What happened to the stock market on May 6th 2010?
- Greece 10-Year Bond Chart (05/05/2010)
- S&P500 Technical Analysis (05/04/2010)
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- Japan Started The Second Rounds Of Quantitative easing http://the-us-microeconomics.blogspot.com/2010/10/japan-started-second-rounds-of.html
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About Me
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- I’m a financial analyst. I'm a bear. I use fundamentals and technical analysis in my investments. I’m a big supporter of the Austrian School of economic thought, but at the time of crisis I believe Keynesians get it right. I always have an eye on macro & microeconomics, I’m a contrarian analyst. Be advised that the views and opinions expressed here are subject to change based on market, economic and other conditions. They are the illustrations of broader economic themes and in no way guarantees your profitability by trading Securities mentioned. I do not claim or guarantee that you will profit from the information provided. I will not be held responsible for any investment actions that you take as a result of Securities mentioned. I’m neither your investment adviser nor your financial broker. Consult with your broker before start to trade any securities. Futures and options on futures trading involve substantial risk and is not a suitable investment for all type of investors. The information given is intended to be an aid to your own investment process, and your investment actions should solely be based upon your own decisions and research.
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