Newly Emerging Trends

Thu Dec25 (NY) - by Anatoly Veltman - Chief Global Analyst - Holiday markets may be deceiving in their lack of volume and volatility. They may still punctuate emerging trends. This is what I see: 1. The Yen is on the verge of the first losing week in eight. I see Yen giving up its leadership position for good. 2. EUR is gathering strength to eventually appreciate to new record vs USD. GBP deserves watching, as it may eventually turn around from record lows vs.EUR and develop into world's biggest currency Bull. Rouble is undergoing controlled devaluation. 3. SP may well survive year-end and start of New Year; I see that as Bull trap, allowing Short entry closer to 1000. 4. Treasuries will teeter at their top until they teeter no more - this will be the Bear market to behold in 2009. 5. Energies will pop strongly out of grossly oversold, just as sentiment grew most pessimistic. 6. Gold's balance of evidence is Bullish; while Platinum's O.I. accummulation is most impressive. 7. Grains, on the other hand, are just short-covering . . . (to read the remainder of this article, please log in below.)