Gold is holding above a broken 6-year bear trend line and has continued higher to break up through the $1,300 level. I wrote an article about this bear trend line breakout a few weeks ago. Silver has now broken above its 6-year bear trend line so watch for any follow-through with this metal. The monthly […]

Here is how I’m seeing the daily chart of some stock Indices shaping up this week (and one 4hr chart). Not a lot has changed since my w/e post. I did write a separate article over the w/e noting that I am looking for healthy pullback on some of the Indices and this remains a […]

It was over three years ago, in July 2014, when I charted the S&P500 and DJIA indices predicting bullish targets for their respective ascending triangle breakouts. Back then I noted a target for the S&P500 of around 2,500 and for the DJIA of around 21,000 although I was uncertain of the time frame for these […]

The top four Australian banks are forming up in new and large weekly-chart triangle patterns. Previous large triangles on these instruments eventually led to trend line breakouts that offered significant percentage gains circa 40 ~ 60%. Thus, the trend lines are worth monitoring here!

The Aussie stock market has under-performed most other global stock markets since the 2008/9 global recession but I’m wondering if it’s about to push higher in a seemingly gravity-defying action to correct this divergence in a better late than never move.