The Aussie stock market has lagged behind the US market following the GFC but a number of ASX sectors are looking like they could be getting ready to attempt a bullish breakout. The charts of a number of sectors show price action trading up near recent bear trend lines and, as such, they’re worth watching […]
February was a good month for many metal commodities. A number have closed the month with bullish candles and some of these have formed off major support levels hinting towards continued recovery. ‘One swallow does not a summer maketh’ so watch these trend-line thresholds in the coming months for any continued bounce or renewed pressure.
I’ve previously mentioned how I’m reading reports suggesting that recent stock market action is reflecting a bear market rally whilst others are saying this is the start of a new Bull market. I’ve taken a look at the weekly charts of some stocks and US indices to look for clues of either beahviour.
I forgot to post the chart of the USD/CAD this morning. This pair continues to trade below the 1.40 S/R level, has broken down from a recent triangle and has now also triggered a new TC SHORT signal. There is a lack of direction with the US$ at the moment but the increase with Oil price has […]
Gold has been on a bullish ‘Flight to Safety’ run for the last three weeks and during this time I have received three TC LONG signals and noted a few wedge/triangle breakouts. Friday’s economic data supported the US$ and enabled the US$ index to bounce up off support but Gold, whilst it pulled back a bit, has […]