Benchmarks : Weekly Update

• Complete lack of inspiration. Timed a fresh USD/CAD trade really badly. Fortunately, was first trade after blow-up, hence sized in tiny.
• USDX : No change in outlook. Does not look like base building. More like consolidation of downtrend = Pause before continuation.
• US10YY : Not sure. Obvious call is sell (yield) rally. But on the back of my mind is the monthly double bottom at 2.04%.
• SP500 : My strongest conviction amongst all the markets at the moment. Looking for good entry to establish short.
• Gold : Possible topping action. Recovery on Thur/Fri has rescued the chart somewhat, but not enough to allay my concern about the huge divergence between price and MAs, especially on the monthly chart. Typically, such charts end up coming back all the way to below the MAs. Will take advantage of this rally to square my remaining 10% ETFs next week.