Benchmarks : Weekly Update

• The week closed with a minor rally in risk assets, and I missed buying the remainder 30% of my intended short EUR close out. Still, trading with the trend has the advantage of 2nd chances if you miss the 1st.
• USDX : Pause in uptrend which remains firmly entrenched. Just a matter of how deep the retracement might be before finally headed towards 82.63. Position sizing is key to hanging on for the ride.
• US10YY : Sideways. Sharp drop in yields during the week but only towards support levels. 2s/10s from +291 high down to +280 close. Would want to consider putting on steepeners (vs +266 stop) next week if this narrows some more.
• S&P500 : Am fighting against frustratingly stubborn die hard bulls. Stop against 1112 on shorts, betting that lower high has been made here and we next form lower low below 1045. Low confidence call.
• Gold : Would appear that dips below 1100 are meant to be bought instead of sold (which I did, regretfully).