Solid end to the week in terms of P&L but truly rough ride only made bearable by discipline in keeping position sizes under strict control. - USDX : Past week's price action was a test of the UpTL. Tested and held ie uptrend intact. If anything, this successful test has made the uptrend even convincing.
- US10YY : Firmly sideways, narrowing into a triangle now (daily is clearer = triangle centred around 3.70%).
- S&P500 : Uptrend continuation after break and close above 1151.
- Gold : Looks like going sideways as well now. But useful inclusion in core book against all the other long USD positions to dampen overall P&L volatility. (Plus XAU/GBP and XAU/EUR looks like in a ST consolidation of strong LT uptrend).
20 March 2010
Benchmarks : Weekly Update
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