Thurs 21st Aug I was discussing the recent bullish Tenkan/Kijun cross on the S&P500 with a fellow trader this morning and they raised similar bullish thoughts for the German DAX index. The DAX is a stock index representing the top 30 German companies trading on the Frankfurt Stock Exchange. So I thought I’d check out some charts […]
Tue 19th Aug Trading volumes may be down of late but many of the global stock indices are holding on to recent gains, despite all of the geo-political turmoil, and some even look quite bullish. S&P500: this major heavy weight index is still holding above a daily support trend line. An ultimate bullish target of 2,500 is […]
Some traders have been discussing the merits of three popular US stocks over the w/e: AFL (Aflac), MCD (McDonalds) and YUM (Yum Brands Inc). I have reviewed the charts of these three and my order of preference, based on just the technical merits, is AFL > MCD > YUM :
Thurs 14th Aug NZD Retail Sales data was stronger than expected and this should help to support the Kiwi. The Kiwi has broken back above a 4 week bear trend line and has also clawed its way back above a daily support trend line. Any close back above the daily 200 EMA would be bullish as […]
Wed 13th Aug FX moves were minimal overnight in spite of some very weak European Economic sentiment data. US stocks chopped a bit lower in thin trade with continuing concern about the situations in both the Ukraine and Iraq and with no positive news to buoy risk appetite. There is a lot of high impact news […]