11 May 2010

New Game in Town

  • Weekly charts of : S&P500, Copper, US10YY and EUR/USD.
  • The first 3 = Fresh UpTL breaks last week. Pulled back to the respective TLs today for optimal trade entries.
  • EUR/USD is included here to illustrate how powerful the TL breaks could potentially be (see break of 1.4850).
  • Not entirely convinced about US10YY - pulled in opposite directions by EU contagion and US growth. Contradiction resolved however, if Dr Copper (and S&P negative chart outlook) turns out to be right about weakening in growth outlook.

No comments: