Today's interesting charts
Comment of the Day

August 19 2010

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view The Chart Library has more than 17,000 instruments and if you can't find what you want let us know and we can add it in.

US 2yr yield - continues to trend steadily lower and while getting to quite depressed levels and overextended relative to the 200-day MA, an upward dynamic and or sustained move above 0.65% would be required to break the progression of lower rally highs and question scope for some additional compression.

Dow Jones Industrials Average - pulls back from the psychological 10,500 level to undo the last three days of moderate gains. A sustained move back above the week's high would now be needed to question potential for a further test of underlying trading.

NYSE Arca Goldbugs Index - found support again near the 200-day MA from late July and a sustained move below 430 would be required to question potential for continued higher to lateral ranging.

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