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 […]

Global stocks continue trading lower on global-growth concern but, in this post, I’m more focused on identifying potential technical support levels below current price. Here’s what I’m seeing on some of the majors.

My TC signal on Gold is now up a whopping 780 pips and still going. However, the precious metal has reached a major S/R level and I’ll be watching to see if this allows for any pullback or simply launches the metal higher.