26 June 2010

Benchmarks : Weekly Update

  • Watched a strong positive mtm day end in a small loss. Really tired of the same sickening feeling. Too many such false dawns of late. Probably means range trading conditions prevailing, not trending.
  • USDX : Failed attempt to turn positive for the week. Not looking good (=Risk On?).
  • US10YY : Close at 3.11% = start of a push to much lower yields.
  • S&P500 : Negative outlook. Right shoulder high seen?
  • Gold : Only bright spot here, riding optimal sized position without much intervention.
  • Others : Cut hefty loss in Copper. Sad.

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