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, […]
I’ve long been seeing the NASDAQ in a bullish ascending triangle, akin to those on the S&P500 and DJIA, and I still am but I’m having a re-think of the key resistance level here. My previous focus was on clearing 4,800 which was just above the previous highest-ever monthly close. I’m now shifting focus to […]
Aussie stocks have not enjoyed the same level of success as their global counterparts since the GFC. The XJO index, the ASX-200, has not reclaimed the highs it printed prior to the stock market collapse and is currently trying to defend the psychological 5,000 level. This compares poorly to the S&P500, DJIA, NASDAQ, DAX, FTSE and […]