Benchmarks : Weekly Update

• Has the game changed? Certainly get a sense of that going by the price action last night. Good economic data, equities up (albeit closing way off intra-day highs), USD up (instead of usual carry trade driven down in response) + gold/commodities down, yields up.
• USDX : Yet another DownTL break. Can we trust this to perform this time round after multiple failures of such signals? My guess is yes, this time it's going to work, for a period of time at least.
• US10YY : Stopped out my Rates positions (+TY, -ED_M0/Z0) for lower yields after NFP. Another failed technical signal.
  
• S&P500 : Strong uptrend. Finally gone long and feeling extremely foolish for the long inertia.
  
• Gold : Shooting Star. Big reversal, at least in short term, to correct overbought conditions.
• Gone short GBP/USD on reasoning that 1. USD negative correlation with equities should break down after good NFP data 2. Much to be negative about UK. Thankfully, this has done much for to help me come-back from a disastrous wrong NFP bet. In hindsight, would have done better with other alternatives (eg EUR, JPY or Gold) but I am happy to have taken the right action nevertheless (for a change).