Market Snapshots: AU,HK,Germany,China, Crude Oil 6-13-2011

Global Equities is now at a net of 7.5% from the peak, its been 1.5 months already since hitting the 2year high. Sadly, Global Equities especially U.S. Market broke down its 12150 support that continued this sell-off, though considering the fact the we are down huge from the top, I expect this market to strongly hold at the Medium Uptrend around 11500-11700, and RSI for weekly charts is oversold already.

"We can't avoid European Debts, I personally object to the Debt Restructuring in Europe, this will just prolong the Crisis, this will persist until a Major Bond Default happen near 2015 (planned IMF targets)- we have no choice but to sweep off their Debts,will hurt Investors,but can help them start clean but LOSING their Reputation. We should still be confident with strong earnings our stock/Market has (U.S.,Asia), be cautious still, but there are double digit returns when one enters in a perfect timing" - Mike of TheAmazingChart.blogspot.com

HongKong


China


Australia


Germany


Crude Oil


Charts belong to Tony Caldaro of caldaro.wordpress.com