Today's interesting charts
Comment of the Day

June 03 2011

Commentary by Eoin Treacy

Today's interesting charts

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Eoin Treacy's view S&P500 - remains in a relatively steady period of mean reversion back towards the 200-day MA. A sustained move below 1250 would be required to question the consistency of uptrend, while a fall below 1200 would indicate a deeper questioning the medium-term bull market hypothesis.

Platinum - continues to find support in the region of the 200-day MA and would need to sustain a move below $1745 to question medium-term scope for a successful upwards break.

Crocs Inc. - remains within a consistent medium-term uptrend, defined by a progression of higher reaction lows. It has found support in the region of the 200-day MA on successive occasions and would need to sustain a move below it to begin to question uptrend consistency. It would be best bought following a reaction.

Elephant Talk Communications - found support at the lower side its 9-month range last week, posting an upside weekly key reversal. It followed through this week and a sustained move below $2 would be required to question medium-term upside potential. This article kindly forwarded by a subscriber may be of interest.

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