30 October 2010

Benchmarks : Weekly Update

  • Great week in the bag. Potentially explosive week ahead with FOMC, US mid term elections and NFP. Watching from sidelines with minimal involvement for rest of 2010. Less trading, mainly sitting on very small positions.
  • USDX : Downtrend remains in place.
  • US10YY : 2.73% high, closed week at 2.60%. 2.20% remains target here.
  • S&P500 : Slowing uptrend. Uptrend nevertheless.
  • Gold : Got to stay long.

No comments: