The NASDAQ is in focus with the looming November close as the index looks to try and hold the 5,200 level and print a potential third monthly candle close above this key breakout level. A successful hold above 5,200 would help to develop a bullish ascending triangle breakout following those already seen on the the S&P500 […]
Here are some charts of technical breakout patterns that I’m stalking and an update of some that are already in progress. There are quite a few charts and so just ticker symbols are shown.
Some of the stocks on my watch-lists are drifting towards trend lines suggesting that they could be gearing up for a breakout. As well, I’m noticing some rotation back into resource and material-related stocks and I’m not too surprised given the infrastructure focus current in the USA and China. Also, a few banking stocks are perky […]
The Aussie stock market’s ASX-200 index has pierced below a daily support trend line that had been in play since the beginning of this year. This suggests some potential bearish follow-through and, with this in mind, I’ve checked over the XJO index charts to identify possible support levels.
The A/U and Gold signals from Tuesday closed off for no further gain. There were four new TC signals today and three of the four worked: E/U for 25, EUR/CAD for 40, EUR/AUD for 90 and a loss, yet again, on the Kiwi for -30. Before and after screen shots of the charts are shown below. […]