04 June 2011

Benchmarks : Weekly Update

  • Feel the tide is slowly turning back in my favor again. NFP weaker than most pessimistic expectations, but cross markets' price action of late had collectively foretold this.
  • USDX : Downtrend continuation.
  • US10YY : Relatively fresh SHS top underway. 2nd consecutive weekly close under NL.
  • S&P500 : Finally, the beginning of a turn down. This time it could be for real, at last.
  • Gold : Stay positive, but do not overly commit. Would be very surprised if this went straight up. Chart does not have the look of a strong base having formed yet.

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