BEN AND FILS .com

Markets forecast for week August 6th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

2012-08-04T09:50:00.000-04:00

▼ Well, nothing changes in my charts. Still the same configuration. On indices I am still bearish below S&P500 1400 and below the next resistance. Maybe a trading range until summer end. Everyone was so heavily bearish on $EURUSD, that it is normal that we had a little retracement to squeeze some shorts and/or hit their stops. We remain on the bearish weekly pitchfork. Same in Crude,

Markets forecast for week July 30th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

2012-07-28T07:23:00.002-04:00

▼ Indices decided to respect their channel doing two nice up days. S&P500 could push to 1400, maybe with a bullish fund Monday. But then it should retrace down to stay in its channel. Nothing exiting on the $EURUSD. We remain on the huge bearish pitchfork. Nice week anyway ou some of our stocks, NYRSTAR +16%, NICOX +12%, still stalking $DANG and $GMXR.

Markets forecast for week July 16th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

2012-07-14T16:57:00.005-04:00

▼ Nothing new for next week, even after a counter trend Friday up. We stay in our bearish channels, on Daily, chart below, for $ES_F and Weekly, strong bearish pitchfork for $EURUSD. Currently totally flat, waiting for another low to enter the market again. On my wishing list : $JO coffee, $BAL cotton, $USO oil, $GMXR, $DANG...

Markets forecast for week July 2nd 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

2012-06-30T12:53:00.001-04:00

▼End of June window dressing and Euro news made a big day up last Friday. I imagine a bullish or sideway mutual fund Monday and then a correction to stay on the flag of the daily chart below. Others could see an inverse shoulder head shoulder which should be bullish. To sum up, it is not clear at all for next week ;-) ! On the weekly $EURUSD chart further below, the pair is still in the bearish

Markets forecast for week June 25th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

2012-06-23T10:36:00.003-04:00

▼ Nothing exiting for next week. Indices are still in a bearish channel and bearish wedge. The range should be between 1350 and 1250. $EURUSD is still in bearish channel or pitchfork too. Same for Crude Light. For long term investors, commodities start to be interesting. I would wait for another low to reinvest in stocks. Still on the radar ($JO, $BAL, $GMXR, $DANG, and for Europe $QUESTERRE, $

Markets forecast for week June 18th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

2012-06-16T10:06:00.000-04:00

▼ I am Bearish for next week : Indices are still in bearish pitchfork, on a rising wedge and below a big resistance 1350 for S&P500. Same for $EURUSD. They will try to lift it on Greek or G20 news maybe, but only to short it heavily later. Bonds are still in an uptrend. Some stocks did well last Friday with more than +10% like $GMXR, $DANG, $SOL... but I do not trust them. Take your profit

Max Keiser on banks ($SPY $TLT $ES_F)

2012-06-11T10:34:00.001-04:00

Markets forecast for week June 11th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

2012-06-09T12:28:00.000-04:00

▼ We were right last week to focus on the Bonds going parabolic and therefore to expect a bounce on Indices and EURUSD. It is less clear for next week. ZB below is still in the bullish channel and a double top could happen. Meaning that Indices break down the rising wedge and EURUSD stay below the support that became resistance on weekly chart further down. I sold COTTON $BAL with a good profit

Markets forecast for week June 4th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT ) :

2012-06-02T08:06:00.001-04:00

▼ We were right again last week, forecasting another leg down. This week it is less clear as we are touching some supports. If you look at Bonds below, they are going parabolic. We are near capitulation. But the chart is still showing some room above. So for next week, I think Indices and $EURUSD can still go a bit more lower, but maybe not in a straight line. So the good thing is for long term

Markets forecast for week May 28th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-05-26T11:10:00.002-04:00

▼ We has a little bounce on indices as expected but not on $EURUSD. The trend remain bearish. On Daily NASDAQ below you can see a repetition pattern and a bearish wedge on the S&P500 below it. We should have a lower low / double bottom before to see any change. On $EURUSD we are right on the support. Everyone is bearish, targeting 1.2. That is too obvious and I would not be surprised to see a

Markets forecast for week May 21th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-05-19T07:32:00.002-04:00

▲ We were bearish last week. We stay bearish but we could see a technical bounce as both S&P500 and $EURUSD arrived on a weekly support as you can see on the weekly charts below. They did not penetrate it. $EURUSD started a little bounce, maybe short covering, NAT GAS and WHEAT did the same. So watch 1290 on $ES_F and 1.26 on $EURUSD. I am starting a new position on $GMXR, half size, below 1.

Latest research Forex robot $EURUSD $GBPUSD

2012-05-16T09:46:00.001-04:00

Here is a today's snapshot of our latest Forex robot. We showed the equity curve in a previous post. As you can see, it is a grid robot, hedged (trade in both ways long and short at the same time). Grid range and order size are exponential to avoid crash in big market movements. We are currently running it on 2 demo accounts, one full risk (already 10% in one week) and one half risk. We

Markets forecast for week May 14th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-05-12T10:13:00.001-04:00

▼ Indices are officially out of the bullish channel with lower highs and lower lows. So now it is range above 1340 or bearish below 1340 support. Only hope can come from Bonds that are quiet high in a bearish wedge. $EURUSD exactly the same. I was very surprised this week by -20% on Vallourec France as it is a great company. But minus 20% is not a buy. A bad news must be hidden somewhere. The

Managed account robot research $EURUSD $EURGBP

2012-05-05T10:52:00.001-04:00

Just to inform you about our recent Forex robots research (or Expert Advisor or EA). Here is a grid hedge one, that turn 10k to 300k in 3 years. But we all know it does not work on real account. Metatrader backtest are approximate, different from one day to another or from one MT4 platform to another. Adding to this, approximate order filled thanks to Forex broker. The solution would be

Markets forecast for week May 7th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-05-05T10:14:00.002-04:00

I left last week arrows on the chart as they were perfect ;-) Indices, S&P500 and NASDAQ are out of the bullish Pitchfork, lower high, clearly for NASDAQ. If we break 1350 it would be confirmation of the bearish cyclical trend. $EURUSD short term is bearish but could find some support around 1.3. Small Forex managed accounts are now available, starting from 5000 US$. More details on

Markets forecast for week April 30th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-04-28T11:56:00.002-04:00

▼ Well, Indices and $EURUSD are doing better than expected. S&P500 (below) stays in the bullish Pitchfork, but could be facing a double top. A lot of Insider selling seen on big caps (AAPL, GOOG, GS...) ... and funds adding to short positions : not good. $EURUSD is strangely very strong despite bad news like Spain downgraded, maybe due to Fed Quantitative easing expectations. I am

Markets forecast for week April 23th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-04-21T07:40:00.000-04:00

▼ I am bearish for next week on Indices and $EURUSD. S&P500 is still in the bullish pitchfork but a bear flag is drawing inside a downtrend channel. That's makes me pessimistic for short term. NASDAQ is already on a downtrend channel, helped by APPLE and GOOGLE, down a lot due to court issues. Same for $EURUSD, little up beginning of the week then down again. Forex managed accounts are now

Markets forecast for week April 16th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

2012-04-14T15:41:00.001-04:00

▼ Another good forecast last week. For next week, I will look at 1350 on S&P500 to decide the way. It is a very important level : lower part of the bullish channel and of the weekly Pitchfork. I am afraid they could send the market lower to force Bernanke to launch QE3. I am also a bit bearish on$EURUSD that could go lower to touch the lower line of the triangle. One cam play risky trade

Markets forecast for week April 9th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $JO) :

2012-04-07T11:01:00.001-04:00

▼ Perfect forecast again last week on indices. As we broke the bearish wedge, we should first go down to the next support line around 1360, well, except if it was a bear trap. $EURUSD went down to the support line, that should be a good first entry for long term long. $DANG and $GMXR had a great week. Coffee $JO still hesitating. Crude still in the bullish pitchfork. Let's see the first

Markets forecast for week April 2nd 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $JO) :

2012-03-31T12:05:00.001-04:00

▼ I was right on the Indices consolidation, but I expected it bigger. it seems that bottom are bought regularly. But it still looks toppish too, the wedge is narrowing, so I won't do any swing long for now. Except in coffee $JO. Intraday trading in $ES_F is difficult those days as there is no volume, no rhythm, confirmed by my friends on the Chicago Floor. I start again to broadcast

Questerre Energy $QEC.CA

2012-03-30T08:06:00.002-04:00

Questerre Energy is a company we believe in, already in our portfolio. Quoted in Norway and Canada. Producing crude and shale gas. Below, the last president message, (full report) : President’s Message We started Questerre with the mission of ‘looking where others had looked; seeing what no one had seen.’ We believed that to find big gas fields in North America you had to look in a new

Markets forecast for week March 26th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $JO) :

2012-03-24T07:37:00.000-04:00

▼ Bearish for next week on indices. Even if we are still in the wedge, next week will be end of month, end of quarter, and some big players will take some profit off the table. After last counter trend Friday, maybe a bullish Mutual Fund Monday, I am expecting a down or range week. $EURUSD went out off his bullish wedge as expected, but will stay in the range 1.3-1.35, with a bullish bias.