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 […]
Fri 1st Aug (5.40 pm) There were significant losses across US stocks last night but I want to put these moves into greater perspective. There was a warning even before last night’s carnage with one of the ‘bellwether’ stocks, UPS, falling below a weekly support trend line. The week has still not closed for this […]
Wed 30th July This article is a follow up article to one posted back on July 6th 2014. The earlier article dealt with the coincidence of identical bullish targets on both the S&P500 and DJIA being derived from two completely different calculations.