MARKET REVIEW : BULLISH (20.04.2008)

SUMMARY

CRB Index versus Bonds=>bullish
CRB index=>Bullish
Bonds =>bearish
Oil=>bullish
Gold=>Bullish to natural
US Dollar=>?
DJ Ind.Average=>Bullish
S&P500=>Bullish
NASDAQ=>Bullish
VIX=>bearish

The short-term (1 week) message is bullish to mixed. (Major trend is down)

Growth index is gaining momentum



DETAILED

CRB INDEX v.s. BONDS



CRB Index



Bonds





Crude Oil - Brent





Gold (fixing)





US Dollar





NASDAQ



DOWJONES IND.



S&P 500



VIX