David Fuller's view

US 10-Yr Treasury Bonds have continued to find support in the region of 1.5%.  A sustained move above the March high near 2% and the declining 200-day (40-week) moving average, would provide initial evidence of a developing uptrend, in the form of a medium-term higher low and also a higher high.

Wall Street’s S&P 500 Index is testing previous resistance above 2100 from its 2015 highs which extended from February to early December.  This Index is overbought in the short term but a clear downward dynamic and move back beneath the MA are required to reconfirm resistance at these levels.    

New Zealand’s All Share Index has enjoyed 10 consecutive weeks to the upside.  However, it is now temporarily overbought and the first down week will suggest that a peak of at least short-term significance has been reached. 

Silver (weekly & daily) has an impressive base formation but is temporarily overbought today and fell back from its early high at $17.72.  A period of consolidation appears to have commenced which could see silver closer to $16 before the advance resumes.