It is a big week for London’s FTSE stock index and America’s NASDAQ index as the close of this week will also bring the close of the monthly candle. I won’t be the only trader watching to see if the January monthly candles can take out the coveted 7,000 resistance level on the FTSE-100 and the […]

Gold and Silver both look to have carved out a base following their lengthy decline from the dizzy heights both achieved back in mid 2011. Silver made more than a 78.6% retrace from its 2011 peak and gold made up to a 61.8% retrace but the decline for both may have come to an end. In this […]

Oil appears to have handed the trading ‘baton’ to Copper. Whereas Oil has helped to drag stocks lower of late the driving force behind most of yesterday’s action was the rout on Copper combined with the trigger event of the World Bank cutting their global growth forecast. This spooked commodity currencies, most commodities and stocks but, […]

I am wondering if the NASDAQ intentionally waited for 2015 to make an attempt at a monthly close above 4,800? It came close to achieving this at the end of last year but couldn’t quite print a monthly close above this key S/R level. Has the index got this NY resloution in its sights for 2015?

At the end of last year I posted how I was watching for triangle breakouts on both the XJO (S&P ASX 200) and the XAO (All Ordinaries) indices. This article can be found through this link. Price action on both indices is still consolidating within these triangles for the time being but one trading commentator […]