13 August 2011

Benchmarks : Weekly Update

  • An otherwise good year completely ruined by a few brutal trading hours this week. Might be too late in the year to hope for a satisfactory recovery now.
  • USDX : Sideways first then down.
  • US10YY : Downtrend looks over-extended, at least for now.
  • S&P500 : Large hammer = weekly bottom.
  • Gold : Up move in exponential phase. Taken profit on 2/3rd of long term core earlier this week. Prepared to sit through swings of $100-$200 now.

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