I’m reading more about bearish calls on stocks than I am bullish ones but thought I’d review some charts to check for myself. About all I can come up with at the moment though is that most major global stock indices seem to be ‘consolidating’. Now, whether this is consolidation before a bearish or bullish breakout remains to be […]
Dovish sentiment from many other Central Banks will no doubt be putting pressure on the US Federal Reserve and their intentions to start to lift US interest rates. This week’s FOMC will be a closely watched event for guidance about the timetable of any US rate rise. The S&P500 has rallied over recent sessions and one […]
The following charts are of those US stocks and ETFs catching my eye and interest at the moment. With most of them I’m watching for either a break or respect of long-term support or resistance levels that evolve with increased momentum.
The recent bullish descending-wedge breakout on Gold has been helped by US$ weakness and concerns about the global economy. I wrote a separate article this morning about the levels to watch on Gold with any continued recovery move and this can be found through the following link. Any continued rally with the metal may help […]
The S&P500 has recovered a bit of lost ground in recent sessions but it closed the last one with an indecision-style candle AND still under major resistance. There are many commentators suggesting this is simply a bear market rally but others calling this the start of the next grand Bull market! Either way, from a technical point of view, […]