CAC 40 Index back on major support
CAC 40 Index has consolidated 10% since April and is now testing major support zone. Keep an eye if this level holds. Source : Bloomberg
SGS reaching important levels
SGS (SGSN SW) is reaching March 2020 lows. It is also on the lower end of March 2022 triangle. Keep an eye. Source : Bloomberg
Taiwan Semiconductor Manufacturing breaking June downtrend
Taiwan Semiconductor Manufacturing (TSM US) is breaking June downtrend. Strong volume due to Earnings. Keep an eye. Source : Bloomberg
AstraZeneca retesting April downtrend
AstraZeneca (AZN LN) is back on April downtrend. This is a retest of September breakout. Keep an eye. Source : Bloomberg
Below a chart of stocks $SPY (S&P 500) vs. bonds $TLT (iShares 20y+ US Treasuries), just as a reminder of the persistence and longevity of this relative trend
Source: David Keller
Disney towards the end of the triangle
Disney (DIS US) has now consolidated 30% since March 2021 highs. Volatility is contracting. Keep an eye on these levels. August 2022 downtrend around 88 and March 2020 support at 79. Source : Bloomberg
Coca-Cola on a major level
Coca-Cola (KO US) is back on September and December 2021 support. It is also back on February 2020 downtrend resistance acting as support now. Keep an eye. Source : Bloomberg
US Gov 2 year yield reaching major resistance zone
US Gov 2 year yield (USGG2YR Index) has reached major resistance zone 5.128-5.275. This zone is represented by the highs of 2006 and 2007. Keep an eye. Source : Bloomberg
