The ASX 200 is a stand alone again today but, this time, it is to the upside! Check the current status of the order board.
The two main Australian stock indices, the XAO and XJO, have made bullish weekly-chart triangle breakouts. The XAO is the Australian All Ordinaries Index whereas the XJO covers the top 200 Aussie stocks. I alerted traders to these triangle patterns back in December and gave an update in early January. Triangle breakouts on both were achieved at […]
It is a big week for London’s FTSE stock index and America’s NASDAQ index as the close of this week will also bring the close of the monthly candle. I won’t be the only trader watching to see if the January monthly candles can take out the coveted 7,000 resistance level on the FTSE-100 and the […]
Gold and Silver both look to have carved out a base following their lengthy decline from the dizzy heights both achieved back in mid 2011. Silver made more than a 78.6% retrace from its 2011 peak and gold made up to a 61.8% retrace but the decline for both may have come to an end. In this […]
Oil appears to have handed the trading ‘baton’ to Copper. Whereas Oil has helped to drag stocks lower of late the driving force behind most of yesterday’s action was the rout on Copper combined with the trigger event of the World Bank cutting their global growth forecast. This spooked commodity currencies, most commodities and stocks but, […]