I post updates on Bitcoin every now and then and this is another check up detailing how I’m seeing the charts of this cryptocurrency. My last detailed post was in April where I noted key levels to watch and the longer-term levels noted there are still valid. In this update I fine-tune some of the […]

Facebook has been mired in controversy over recent months and this has finally taking its toll on the stock price. The stock price plunged following the recent miss with earnings and projected slowdown and there is talk of this being the end to their cycle of easy growth.

I had a bit of time today so decided to review some of the US stock sector ETF charts and found that many are trading within recent consolidation patterns, primarily in the form of symmetrical triangles. These triangles are giving some of the charts a Bull Flag appearance and so the usual mantra applies: watch […]

A number of the major US banks report earnings starting from this Friday and these will be closely watched events as the results may help to shape the next move for the S&P500. This is how I am seeing the charts of the Financial Sector ETF, XLF, and some of the reporting banks shaping up […]

These guys below looked shocked as well as the recent price for Wool makes headlines. The improving profile for Wool, and many other commodities, can only be good news for Australia and the Australian market and so I thought I’d review the major Australian stock index, the ASX-200, in light of these developments.