20 August 2011

Benchmarks : Weekly Update

  • On the sidelines, licking wounds. Right ideas but not executed due to fear of wrong entry at aggressive levels, as is often the case after a blow up.
  • USDX : No change in view. Still set up for bigger down move eventually.
  • US10YY : Major double bottom (at 2.04%) theory being put to the test. Still not conclusive.
  • SP500 : Did not reach conservative entry level for setting up short. Best leave it if not in already.
  • Gold :  In parabolic phase of rally. Enjoying it but mindful not to get too greedy and carried away.

1 comment:

Financial Journalist said...

Better sell gold and stay neutral.