Eoin Treacy's view FTSE-350 Banks Index –found at least near-term support in the region of last year's lows. Together with last week's upward dynamic, this is the largest rally in more than three months and a sustained move below 3300 would be required to question potential for some additional upside.

HDFC Bank (India) – has been consolidating mostly above 500 since early this year and rallied impressively last week to test the upper boundary. A countermanding downward dynamic would now be required to question potential for a successful breakout. The ADR has underperformed somewhat due to currency differentials.

IBM – testing the region of the 200-day MA and provided it continue to hold above the $185 area the benefit of the doubt can continue to be given to the medium-term upside.

S&P/ASX 300 Resources Index – oversold relative to the 200-day MA and a clear downward dynamic would be required to check current scope for an additional relief rally.