23 April 2011

Benchmarks : Weekly Update

  • Recovery week. Stopped out some positions during Monday's flushing, but managed to get back in and came back strongly to close the week on a decent note as the weak USD trend once again reasserted itself.
  • USDX : Seriously in trouble. See big picture triangle.
  • US10YY : Difficult call. Neutral stance advocated.
  • S&P500 : Most likely uptrend resumption. Uninvolved here.
  • Gold : The bestest of trades. Inflation hedge, weak USD proxy.

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