- Much uncertainty still. Likely near term range trading, with recent lows in Risk being the base. Long term trend still for Risk On, so that means we are nearer to the correct end of the range for re-establishing Risk On.
- USDX : Did not quite get the requisite weekly close far enough below 75.63 to add on, so still just tentative positioning short.
- US10YY : Did not plunge off the cliff as it might well have done, but picture still looks negative (for yields).
- S&P500 : Still a bull.
- Gold : My long bet is cast, based in part on gut feel. Now I expect a period of base building. Await technical buy signal to show hand.
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