Giving our regular contributor Shawn a little rest, I thought I would add a few different charts that have caught my eye recently

1) Dax - French Election Gap Fill - looks like a good risk reward opportunity to me. Max 5% stop loss and can probably even do much less.


and the longer term chart just for comparison.


2) Euro Yields. Testing previous resistance. If you think EU taper is still in the cards and yields will steepen this could be a good time to get in. German 5 and 10 year yields below



3) Hard Commodity Bull market. Take a look at Copper and Chinese Steel. Pretty impressive. I have been betting they would turn earlier in the year (see china credit growth below) but clearly the underlying fundamentals are strong (for now).



4) Kospi perhaps setting up for a re-test of multi year range. As long as EPS are above prior range I think its a good trade, though estimates will always lag price


5) Last but not least, lets remember that the Chinese economy is a big influence on EM and global demand and unlike the EU or US economies, its still a black box to most. Given that credit is a major driver of the Chinese economy, credit growth argues that you should be cautious on a 12-18M horizon. But for now, party on