Looking to the future and trying to outline some short-term forecasts for the future can only say one thing – do not try to sell oil, moreover, go to Long’s too late, if the call right now.

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This good performance of U.S. rates, contrasts sharply with the Europeans in comparison with the Eurostoxx 50, which closed with losses of around 6%. U.S. suffered from the crisis before, but also measures progress in macro data and begin to reflect, while the debt crisis in the eurozone is still far from solved. The decorrelation for U.S. rates will remain in the 2,011.

Therefore I am confident that New Yorkers index, ended 2011 with very good results and hopefully one year ahead. However, short-term rates are going very overbought and showing signs of fatigue, so once the magical effect of the first days of January, there is every chance of a sharp correction, for which there will be very vigilant and prepared the stops.

As regards the technical aspect in the long term, the upward trend initiated by the S & P 500 (SPX) in 2002, found obstacles in the historic highs of 2000, in 1550-1560, leading to respective formations double top, both in the long and short term, which warned of the change in trend. Drilling levels 100% Fibonacci retracement of all the raised since 2002, to support the 670 which is ground.

The support of the 670, causes a strong rebound over 50% recovery of all the previous fall and are obstacles on the roof of the canal and area of 1,220, the level of 61.8% recovery of all the previous fall from the beginning of the crisis and the weekly average of 200 sessions, which require a strong bearish momentum.

In the medium term, pierces the base of the short-term bullish channel and finds support in 1040 for a rebound slows to the average of 200 sessions, resulting in a bearish momentum that finds support in the 1,010, for a new bullish momentum is still in force.
In the short term, the bullish momentum is above the average of 200 weeks, the relevant long-term resistance at 1,220, the 61.8% recovery of all the previous downward trend and thus the maximum pre-pulse, confirming the resumption primary upward movement until the force strength by 1,260 to a throwback.

The directional movement indicator ADX is bullish on ADXR at levels of 27.51, while the convergence divergence MACD is positive and turn down giving sell signal across to its line of signal and the oscillator moment is positive and bearish divergence. Indicators showing strength in the trend of the index but with some weakness of momentum.

The stochastic oscillator turns down in strong overbought RSI as well oriented. Oscillators indicate greater selling pressure forces.
Consequently, the trend of S & P 500 continues upward, with goals in the 1,275 to 1,300 points.

Given the strong existing overbought, it would be strange to attend a new movement of consolidation, which will not jeopardize the trend as long as trading on the 1,130 points. Prices below 1,130 with a filter to stand at 1,110, would indicate something other than a consolidation, and open up opportunities back to the reference and base support the side in the 1040 points. There will be attentive from January 3 when Santa Claus effect disappears.

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Step Three: You will notice on the chart shown below that our stocks momentum is beginning to slow and its daily bars are beginning to break through our trend line. It may help to envision the first part of the stocks move as a golfer teeing off, the stock shot off the tee and was moving upward and outward with increasing momentum. Now you will notice that the stock like the golf ball is beginning to slow, and once the momentum is lost will more than likely begin to fall back to earth.

Step Four: At this point you will also want to watch for increased volume combined with the slowing momentum. This increased volume is generally an additional sign of a potential reversal. This volume increase generally comes form investors trying to get in on the up-trend to late and the investors who have been in since the beginning selling their positions out. Once the investors buying in late realize that the trend is over they will switch sides, joining the sellers and driving the stock lower.

Step Five: If a trend is truly slowing it will happen over a number of days, do not be fooled by single days that spike below our trend line. Such days are not uncommon and should be disregarded, as long as our trend resumes on the following day. Once a true slowing in momentum has been identified (especially if it is accompanied by increased volume) we would want to take at least half of our money off the table and lock in a profit. The reason that we wouldn’t take all of our profits at this time is because occasionally a stock will begin to show weakness for a short period of time and then come back and resume its upward trend.

Step Six: In step six have taken half our money off the table and will want to watch our stock very closely. If the stock continues to trade sideways we would probably stay in the trade but if the weakness begins to gain momentum to the down side we would take the rest of our money off the table.

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This is the view of analysts:

• Ramon Ceresuela (The Stock Exchange from the Pyrenees): IBERDROLA RENEWABLES back side
• Javier Alfayate (Stock Exchange): The biweekly analysis of the blogosphere: Yen
• Javier Esteban (Options and Futures): Analysis of the Blogosphere I: EUR / JPY
• Antonio Rodriguez (The quintessential bag): Technical Analysis of the Euro / Yen. The ordeal continues multicurrency mortgage
  
• David Galán (Bolsa General): Technical Analysis of the Euro / Yen
• Ricardo González (EsBolsa): Analysis Blogosphere: euro-yen exchange

In addition, to keep the pulse of the domestic market and the actions, we also have analysis of Iberdrola Renovables:

• Javier Alfayate (Stock Exchange): The biweekly analysis of the blogosphere: Renewable I.
• Javier Esteban (Options and Futures): Analysis of the Blogosphere II: Iberdrola Renovables
• Ramon Ceresuela (The Stock Exchange from the Pyrenees): IBERDROLA RENEWABLES back side
• Blai5 (Stock Exchange and Data): IBR: Interesting Pattern Koncorde
• Jaume Germa (Stock Investing): IBERDROLA Analysis: Keeping with Stop 2.554
• Ricardo González (EsBolsa): Analysis Blogosphere: Iberdrola Renovables

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The government published a list of 102 U.S. imports from subject to increases in import tax “II” in Brazil.

The increased tariffs take effect in 30 days and remain in force for one year, pending changes in the practices of U.S. subsidies.

The list includes most nonessential consumer products such as cosmetics and electronics.
It also includes some pharmaceuticals, hospital products and food items as well as some high-value imports of automobiles.

Among the more imports are taxed sales of U.S. wheat, for which tariffs will rise from 10% today to 30%. Brazil bought $ 45 million in U.S. wheat in 2009 and $ 318 in 2008.
In addition to higher tariffs, Brazil said it will impose another $ 238 million in trade sanctions against the United States, hoping to punish the industry as those involving services and intellectual property rights.

The executive secretary of the Foreign Trade Chamber, Lytha Spindola, said the government will publish another list on March 23 detailing the guidelines for trade sanctions in those areas. In 2009, trade between Brazil and the United States amounted to U.S. $ 35,600 million and recorded a deficit for the year of U.S. $ 4,400 million.

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Thus, the rates are aligned with the profits that Wall Street scores this hour.

Thus, the benchmark index of the Spanish stock market, the Ibex-35 rose 1.36%, to 10,664.50 points while the CAC 40 in Paris rose 0.80% to reach 3842.52 units.

Meanwhile, London’s FTSE 100 rose 0.90% to 5533.21 points, while the DAX 0.72% higher registers, touching 5817.88 points.

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