30 April 2011

Benchmarks : Weekly Update

  • Not too much change from last week. P&L small up on the week, chart readings same as before. Singapore elections occupying more of my attention than anything else.
  • USDX : My dislike of the USD already well covered many times over in this blog.
  • US10YY : Closed bottom of my 3.30%-3.60% trading range. Note much (yield) support around here (see congestion lows of Dec10-Feb11). Buy TY if we get a downside break below 3.30%. Otherwise its just a range, trenders stay out.
  • S&P500 : Had been skeptical of all those calls for a top. Looks like I was right. Gone long on break above 1344.
  • Gold : Reverse of USD. Rise in early stages of parabolic formation now. Will be taking some profits as we shoot up. But don't overdo the selling. Must remain long!

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