Around the world in 8 charts
The charts tell the tale of the October rally.
Since our last update on the , shares have bottomed (at least in the short-term) and embarked on a powerful new rally.
As on Twitter and StockTwits, the were an important technical (and psychological?) level for the S&P 500 and US shares. The market busted through those levels this week amid a backdrop of hectic news concerning Europe’s debt crisis.
Here you’ll find newly updated charts, from the SPX to the AWCI (MSCI World ETF), the Dow Industrials and Transports, the Nasdaq, the EEM (Emerging Markets ETF), the VIX, and TLT (long-bond ETF).
This is still a very news-driven (some would say intervention-driven) market. Therefore, I want to either watch (or ignore) the action from the sidelines or keep a very tight reign on positions and risk. We’ll see if the global share markets can continue higher on a stream of bad news, a sign of a potential bullish uptrend in the making.
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