12 September 2009

Benchmarks : Weekly Update

  • Better clarity than we have had for quite a while now = Better P&L too.
  • USD index : Downtrend.
  • US10YY : 2nd consecutive weekly test of uptrend line. Below 3.26% would be more comfortable calling for long USTs. Still, looks right to be bullish bonds now.
  • S&P500 : Uptrend (but have my doubts longer term).
  • Gold : Triangle breakout looks good. No false move so far. This is highest weekly closing ever.

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