Some of the stocks on my watch-lists are drifting towards trend lines suggesting that they could be gearing up for a breakout. As well, I’m noticing some rotation back into resource and material-related stocks and I’m not too surprised given the infrastructure focus current in the USA and China. Also, a few banking stocks are perky […]
The Aussie stock market’s ASX-200 index has pierced below a daily support trend line that had been in play since the beginning of this year. This suggests some potential bearish follow-through and, with this in mind, I’ve checked over the XJO index charts to identify possible support levels.
The A/U and Gold signals from Tuesday closed off for no further gain. There were four new TC signals today and three of the four worked: E/U for 25, EUR/CAD for 40, EUR/AUD for 90 and a loss, yet again, on the Kiwi for -30. Before and after screen shots of the charts are shown below. […]
Deutsche Bank’s (DB) struggles have been if focus for some time but the stock featured front and centre in many trading commentaries after Thursday’s session. This piqued my interest to consider how the DB charts are shaping up at the moment and, whilst they are certainly bearish, there does seem to be some buying happening […]
The 200 day moving average(MA) is often used as a bench mark to assess a stock for whether it is bullish or bearish. The number of US stocks above their 200 day MA has been on the increase all of this year and the current value is around 73%. I thought I’d try and track this information against the S&P500 […]