12 October 2009

Open Trades : Update

  • -Nikkei : Last 10016. UpTL broken. Current pullback is for selling.
  • -USD/CAD : Last 1.0449. Add to shorts on rally towards 1.05. Strong downtrend. Objective 0.9850.
  • -GBP/USD : Last 1.5818. SHS top. Add (tiny only) via sell stop-in below 1.5768.
  • -US10YY (=+TYZ9) : Last 3.39%. Close above 3.26% last week was disappointing. In for long sideways grind before next big move (down?). Large positive carry being long USTs. Hanging on there.
  • -EDM0/+EDZ0 : Last +77. Right shoulder completion taking longer thanks to Bernanke comments (possible triangle?). Still, objective is mid-50s.
  • Gold : 1108 triangle objective.

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