follow up (ter)

With a FED statement in line with our anticipations, our trading plan (scenario) is again confirmed and amplified today!

EURUSD @ 1.5447 (Reminder: our recommendation: short @ 1.600)

GOLD @ 850 $/Oz (Reminder: our recommendation: short @ 925 $/Oz)

+ our recommendation to be short on commodities especially OIL index…

Concerning Stock Market indices, after the short sell off of yesterday afternoon, also anticipated by our system, we follow up our scenario of an uptrend (temporary for a few weeks) =>  

TODAY @ 11h30 (NY Time): Dow Jones @ +0.4% & NASDAQ @ +1.7%

==> 

Fine tuning: 

1. You can book some profits on the scenario on currencies & GOLD!

(keeping ~1/2 of the short position on EURUSD for the end of the move towards 1.50)

2. Keep the short on OIL (still with the possibility to reinforce today)…

3. Keep the long positions on Stock Indices… (typical few weeks target on Dow ~14000 pts)

More later…

==>

TODAY @ 13h  (NY Time): Dow Jones @ +1.28% & NASDAQ @ +2.38% :-)

This is a very good move!

For our readers of www.thestockcode.com who are long since the beginning of last week, a safe strategy would be to protect your positions @ these levels… but we do not recommend to get out, some more space is opened on the upside. Note also that the NASDAQ is leading the move which is a sign of strength…

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