Thursday, June 28, 2007

Charts Of Interest



Above we see the Shanghai index closing below its 50 day moving average for the first time since last summer.



Triangle formation in AAPL. Given that the trend was up going into this formation, I'd rather take a breakout to buy than to short.



Oil has been stronger than gold as can be seen in the above ratio chart. Right now this ratio spread (USO divided by GLD) is at the year high.




I posted the above chart a few weeks ago before the bounce in bonds. According to this chart, bonds should continue to move higher going into early August.

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