USD index : Given new recent low at 74.68, have re-drawn DownTL according to TraderVic's method. Need to clear 75.75 on top to turn bullish next week. Until that occurs, have to regard longs as a risky counter-trend proposition still.- US10YY : Still awaiting downside break of 3.30%.
- S&P500 : Wobbly price action last 2 days but overall still a bull trend. This market simply refuses to stay down.
- Gold : UP.
- Remains to be seen if the outside range price action of GBP+AUD is signal of some kind of a turn in Risk Assets. Jury out. Above benchmarks not saying anything about a change in market conditions yet.
21 November 2009
Benchmarks : Weekly Update
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