Benchmarks : Weekly Update

• USD Index : Lowest close (78.83) since the big spike up in Oct08 (UK injection of GBP 25 bio capital to rescue its banks) . I believe that a fresh downleg has begun.
• US10YY : Immediate outlook unclear to me. Possibility that it's in a triangle consolidation ie avoid positioning here until it breaks out. Triangle = Continuation pattern ie Trend = Higher yields
  
• S&P500 : Fresh buy signal confirmed (SHS Bottom)
  
• Gold : Triangle consolidation. Wait to buy upside breakout. Could be many weeks before this happens.