- Fed did not disappoint and delivered QE2 as flagged. Going forward, think the QE2 train will pull Equities and Commodities higher but is less clear for non-commodities FX and Rates. So will focus positioning away from FX to the former 2.
- USDX : Candle tails suggest going into 76-78 trading range.
- US10YY : As per USDX, 2.45%-2.75% range.
- S&P500 : Breakout. Strong buy. Kicking myself for getting distracted by Laura Pausini. Will execute next week.
- Gold : New high. Should be long. Only have exposure via GLD ETF. Need to get back into long futures.
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