Benchmarks : Weekly Update

• Whether current USD rally is just a temporary bear squeeze or start of a more enduring move remains to be seen. But as a technical trend trader, one has to assume it has more legs ... until it doesn't. (For eg. look at EUR/USD daily price action. Puke, flag, flag. Puke, flag, flag. Assume repeat until proven wrong).
• USDX : Closed at 77.77 = Above 77.69 previous spike low + 3rd consecutive white candle above DownTL = Bullish.
  
• US10YY : Not much to say here. Lacked conviction in 3.30%-3.60% call so did not buy when we traded above 3.60% earlier in the week. Besides, I am not a range trader. Chart says nothing to me still.
• S&P500 : 5th week of "zzz" price action. Yawn. Still uptrend but my suspicion is that all this will turn out to be a big rounding top eventually.
  
• Gold : Managed to find some support below 1100 but unless it is again my hated V-bottom, this sell-off is not over by a long shot. 3 candle evening star indicates weekly uptrend has reversed. Expect same kind of price action as EUR described above ie (puke flag flag)*X.
• Good news : Had largest 1 day gain of my T4L life on Thurs 17Dec09. Locked in half last night.
• Bad news : This just brings me to small down for the year (from large down). For T4L, being down at all （however small) = drawing down on savings for living expenses. Not good.
  
• EUR/USD closed NY the week at 1.4333, hovering around my 1.4337 chart-point so I did not dive in deeper. Will get better chances next week I'm sure.