- Stopped trading early in the week after the very positive reaction to Merkel/Sarkozy plan was announced over the previous weekend. General skepticism of plan from almost every news source trumped by price action.
- USDX + SP500 : Mirror image of each other. SP500 has even penetrated the old SHS top NL at 1249. Completely blown away even the most high conviction of Risk Off scenarios.
- US10YY : The only remaining Risk Off survivor. Chart still looks a sell (yield-wise), ie USTs a buy.
- Gold : Another call gone badly wrong. Bear flag failure.
29 October 2011
Benchmarks : Weekly Update
Labels:
Benchmarks Weekly
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment