Wed 24th Sept The S&P500 traded lower overnight and is back below the psychological 2000 level. The important point to keep in mind here though is that the daily support trend line that has been intact since Nov 2012, a period of almost two years, is still intact today.
Tue 23rd Sept It was a bad day at the office for the Aussie stock market yesterday. The ASX 200 fell over 70 points to close down by 1.29%. A weak lead from Wall Street and a continuing slide for Iron Ore and commodity prices hitting our market where it hurt. A Prime Minister banging […]
Sat 20th Sept I saw some CNBC trading commentary on the NASDAQ this morning and, given I have previously reviewed the S&P500, DJIA, the DAX and Canada’s TSX, I thought I would have a closer look at this index.
Thurs 18th Sept Indices: the USDX is trading higher following FOMC and has broken up and out of the 4hr flag pattern. The weekly chart’s ‘Triple Top’ has not been avoided yet though. I’m not too sure why it is rallying given the content of the Fed statement. Maybe it just wants/needs to test the […]
Sun 14th Sept A trader wrote to me over the w/e asking me to check out what he thought was a bullish Cup ‘n’ Handle pattern setting up on the stock: Apple (AAPL). This is how the weekly chart of AAPL was looking after Friday’s close.