Here are how the 4hr charts of some of the stock indices are shaping up in light of the recent US White House news. The drill is the same as always: watch the trend lines for any momentum-based breakout.

There have been triangle breakouts on the stock index charts since I last posted over the weekend. This is a summary of the points movement thus far with the weekend charts followed by today’s updated chart.

Here are some quick thoughts on the four major US Indices: S&P500, DJIA, NASDAQ and Russell-2000. All are currently forming up with bearish monthly candles but rounding, or topping, action is more developed on the S&P500, DJIA and Russell 2000 than on the NASDAQ. The NASDAQ may follow suite here of course but, given its […]

I was asked my view on Aussie Gold stocks so thought I’d post charts of some that I’m keeping an eye on as the precious metals both flirt with 6-year bear trend lines.

Gold and Silver have been preforming strongly this year with Silver breaking up through a 6-year bear trend line and Gold up testing its 6-year bear trend line. The US$ has faced a bit of weakness lately and, if this continues, it could prove to be just the right ingredient to help these two to […]