Sun 28th Sept I first wrote about the potential for a bullish Cup ‘n’ Handle pattern setting up on Apple stock back on the 14th September. The article can be found through this link. Apple stock is still consolidating within the ‘Handle’ of this pattern for the time being and traders need to watch the […]
Wed 24th 12 noon I have arrived home to see that the GBP/CHF has given a new, but weak, TC signal off my 11 am 4 hr chart (it is school holidays here). This follows on from a recent bullish ‘Flag’ breakout on the daily chart time frame.
Wed 24th Sept The S&P500 traded lower overnight and is back below the psychological 2000 level. The important point to keep in mind here though is that the daily support trend line that has been intact since Nov 2012, a period of almost two years, is still intact today.
Tue 23rd Sept It was a bad day at the office for the Aussie stock market yesterday. The ASX 200 fell over 70 points to close down by 1.29%. A weak lead from Wall Street and a continuing slide for Iron Ore and commodity prices hitting our market where it hurt. A Prime Minister banging […]
Sat 20th Sept I saw some CNBC trading commentary on the NASDAQ this morning and, given I have previously reviewed the S&P500, DJIA, the DAX and Canada’s TSX, I thought I would have a closer look at this index.