Global stock markets testing key support levels

 EmailPrint This Post Print This Post

Chartist Chris Kimble shared some interesting charts and thoughts on financials and markets in general on Doug Short’s blog.

Click here or on the graph for a larger view.

Click here or on the graph for a larger view.

Kimble said: “The Financial Select Sector ETF (XLF) is breaking some key support, and we all remember that the direction of banks was key back in 2007/08. The S&P 500 Index, emerging markets, China, Shanghai and Hang Seng are all on support that dates back to their 2009 lows. With markets all around the world, testing key support from the 2009 lows, at the SAME TIME, it sure is good news that our markets [US] aren’t highly correlated these days and that diversification is of real benefit!”

Source: dshort.com, May 13, 2011.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?)
Alibaba Group Holding Ltd Key Levels Of Support
Oil Into Key Support: Near Term Low Likely
Looking For Next Support Levels
Read more on Support Level at Wikinvest
OverSeas Radio Network

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

May 2011
MTWTFSS
« Apr Jun »
 1
2345678
9101112131415
16171819202122
23242526272829
3031 

Feed the Bull