By Chris Becker
Volatility returned while I had a little but welcomed break (but I could do without the Bali Belly, even though I never left the country!) but it was mainly upside as overseas stocks continued their rallies after breaking out on a return to USD strength. This continued overnight with rallies in the US and Europe as the latest ISM manufacturing print showed very solid expansion.
Recapping Asia yesterday the Shanghai Composite stabilised after recently stalling below resistance at 3400 points, up 0.2% to 3348 points. The daily chart continues to show congestion between the 3300 and 3400 point levels with support building here for another breakout:
