22 October 2011

Benchmarks : Weekly Update

  •  USDX : 2nd consecutive weekly close below 76.72. Not looking good for bulls.
  • US10YY : Still down trend. Buy TY near 2.30%.
  • SP500 : Close at 1238, above 1231 resistance. Turn bullish? Or bull trap? Lost. Old SHS NL providing resistance above.
  • Gold : Loss of downside momentum after bear flag break is frustrating. But bear flag still valid. Conflict with USDX.

No comments: