Gold has moved above a 6-year bear trend line and looks to be making a bullish breakout. However, traders need to watch to see if there is a weekly close and hold above this trend line to support a breakout thesis. In this post I review the charts of Gold, some ETFs and Gold stocks.

I’ve been looking for some candidates to replace Micron technology which has been a steady member of my portfolio for both holding and Option trading. Gone are the bargain $6 days as this tech stock is now trading over $30. I’m particularly keen on NASDAQ stocks as, IMHO, they have more room to move given their […]

The major stock indices are consolidating on their 4hr charts, much like most FX pairs, and one can only hope that a breakout will trigger soon! I heard one market commentator today say that the only thing he thinks will de-rail stocks is if the Trump tax overhaul fails and the US tax cuts do […]

Looking at the major stock indices is a bit like a Tale of Two Cities with the US indices seeking gains this week whilst the others have mostly consolidated. Here’s how I’ve seen this play out on the 4hr charts:

The ‘Big Four’ Aussie banks have reacted negatively to the new Government Bank levy and this is reflected in recent price action. Here’s what I’m seeing on their charts and the levels I’d look at for any potential support should the sell-off continue.