Thursday, May 28, 2009

Charts Of Interest



Bonds sold off sharply this week continuing their downward trend. Notice the heavy volume coming into TLT the past two days.



Silver continues to show strength as this metal makes new highs for the year. The next level of resistance is $16.00 to $16.50 for SLV.




The S&P500 has been consolidating over the past 3 weeks. The big level to watch for is the 880 level. A move below that could spell trouble for stocks.




UNG (natural gas) has pulled back to a very significant trendline which is now acting as support.

1 comment:

Addison said...

Great post Kev...you dont know ho wmuch this saved my arse today

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