3 Charts That Matter

The following technical charts come from Goldman Sachs technical analyst James Noyce and his latest Charts That Matter note.

He has a bunch, but these stood out.

First, short term Spanish yields are clearly starting to break out, after having been in a downtrend.

chart

Photo: Goldman Sachs

You can really see a parallel in equity markets by look at the DAX (Germany) vs. the IBEX (Spain), which is breaking out in the same way.

chart

Photo: Goldman Sachs

And on a totally separate continent, watch the Shanghai composite. It recently had a huge rally, but has stumbled sharply lately.

chart

Photo: Goldman Sachs

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