13 February 2010

Benchmarks : Weekly Update

  • Insignificant week in terms of chart development. Could be start of several weeks of sideways movement. Perhaps I should be looking to reduce risks around extremes of recent moves next week.
  • USDX : Healthy pause to rally. Long term uptrend.
  • US10YY : Boring sideways. Going nowhere fast.
  • S&P500 : Reverse of USDX but need to form lower highs and then break lower lows now to be convincing. 1045 is important chart point.
  • Gold : Really not sure where this chart is going.
  • Happy Lunar New Year to all readers.

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