There is nothing new to add about the S&P 500, we are going up as planned. The good thing for the bulls is that the April has been the best performing month for the last 5- 10 years. The bad thing is that the party is likely over – the signs of distribution are strong, and with the current hype in the media about the jobs report I also expect retail investors to jump in – this would be the time to get out. I personally will be looking for some shorts after the April options Expiration.

Best sectors to be invested in right now are financials and energy.

I expect turbulence to continue in the EUR/USD currency pair. To save the truth, I was looking for 1.37 this week. It looks like I was dead wrong – even though we’ve had a nice base in the pair, the jobs report has send it below support lines on Friday and the next likely target is 1.34 – 1.3350. See the clear H&S pattern on the 1H chart?

Oil and Gold are definitely on the roll here. I continue to believe the yellow metal is going to 1160$ short term. As for the Black Gold, I expect it to outperform all the other asset classes. My first target is 90$, looking for 100$ by the beginning of the Summer. The price action from the February to June of last year may serve as a guidance.