Fri 9th May (4.45 pm) Most of the major US stock indices are still consolidating but the Russell 2000, or ‘small cap index’, is showing a bit of strain as of Thursday’s close. S&P500: still consolidating in the ascending triangle:

Thurs 8th May (3 pm) The three major US stock indices, S&P500, NASDAQ and Dow Jones Industrial Average, are all still consolidating in what can be described as bullish technical patterns. I will take a look at each of these. S&P500: This major stock index is consolidating in an ascending triangle pattern. The daily chart shows […]

Stocks: The major index for stocks of the S&P500 is still being supported by a daily and monthly support trend line. The daily chart is currently forming up with a bullish ‘ascending triangle’ pattern. I’ll be guided by trend line breaks here, either up or down, as to the next major directional move:

Aussie stock markets: XJO and XAO Aussie stocks have been making impressive gains recently. Two key Aussie stock indices, the XJO (ASX Top 200) and XAO (All Ordinaries Index: 500 largest cap stocks), are showing that Aussie stocks are trying to continue their recovery by pushing up over a key resistance level and into relatively […]

This post contains an update of some some of the stocks that I have been tracking. Some of these were posted mid-week in a Gold update and I will discuss these stocks first off: Gold & Silver Stocks Update: SLW: This was @ $25.28 when I posted mid -week and has held up from the […]