The daily and weekly uptrend is still intact; however, situation is quite unclear. Oscillators are quite neutral and seem to confirm current stagnation.
The double bottom formation (this post) has not been negated; however, I don't think we shall consider it further.
As per uptrend we should be in long positions now, also S&P500 seem to prefer the North direction and holds above 1000 points for a while. Nevertheless, always remember about money management and proper position sizing.
Central banks are moving out from USD (here).
Gold has reached record-high (here):
President Barack Obama has been awarded Nobel Peace Prize (here). Media comments this decision as quite controversal (here or here).
Sources:
[http://www.marketwatch.com/story/speculation-in-gold-futures-hits-record-high-2009-10-12]
[http://nobelprize.org/nobel_prizes/peace/laureates/2009/press.html]
[http://www.foxnews.com/story/0,2933,564303,00.html]
[http://online.wsj.com/article/SB10001424052748704107204574469203986653982.html]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=a4x9dIJsPn4U]
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_revers]
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