Today's interesting charts
Comment of the Day

May 13 2013

Commentary by David Fuller

Today's interesting charts

David Fuller's view Price charts reveal the world's money flows.

India's downward dynamics for the Sensex (weekly & daily) and today's key day reversal for the Bombay Banks Index (weekly & daily) have capped the recent rallies near previous resistance for at least the near term, if we see further selling through Tuesday's close.

The USA's DJ Utilities Average (weekly & daily) was a strong performer following its November 2012 lows but commenced a reaction of at least near-term significance in the beginning of May. It is now oversold on a short-term basis and approaching the first obvious area of potential support near 500. However, an upward dynamic will be required to signal that demand is regaining the upper hand.

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