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From CLSA:
When the fundamentals aren’t working, it’s worth considering the technical side of the equation given current momentum is fuelling this rally in risk leveraged asset classes.
Our technical’s guru, Laurence Balanco, has looked at the shape of a number of resources charts along with the leveraged equities. Below I’ve summarised the key levels along with the most exposed names.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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