- A rare instance when all 4 of the usual charts here, each a proxy for its asset class, are showing clear and conclusive technicals.
- USDX : Down. Still a long way to go. Need to reconsider my short EUR hedges. Whilst net position is heavily QE2 positive, the hedge losses are not insignificant.
- US10YY : Down. Don't fight the Fed.
- S&P500 : Up. 2nd weekly close above SHS bottom neckline. Strong buy.
- Gold : Up. Still comfortable holding long; thus far, no housewife I know of is talking about owning gold yet.
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