US makes new all-time high but NYA and Nasdaq lagThailand bullish: target of 1,600 confirmed
Pound turns on 23-year support25th July:
• US indexes: S&P and Dow have made new highs, but the New York Composite is lagging, as is the Nasdaq.
• US interest rates appear to have bottomed.
• Oil has met with resistance and would not surprise if it fell below $40 per barrel in the next month or two.
• Gold and silver are both looking bullish, with a little more upside to be expected before resistance.
• Europe: nice bottoming potential on good support
• Euro: long term bottoming hope
• The pound is on very good long term support
• Australia looking bullish, nothing much to tell about the currency.
• Hong Kong: small bottom but no persuasive volume but slight encouragement from a drift above channel resistance.
• Thailand: target of 1,600 confirmed by very strong volume and a breakout from the banking sector
• Taiwan: nice bottom and breakout
Charts current to 22nd July.
http://asiachart.com/