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.
It has been four years now since I posted about the triangle breakouts on the S&P500 and DJIA indices and this post is an update on the progress of those breakouts and subsequent ones on the NASDAQ and Russell-2000.
Bed, Bath and Beyond (BBBY: NASD) has been in decline for the last three years or more but price action is currently poised near the 2008 Lows and printing a bullish-reversal monthly chart pattern. This might be one to keep in mind if there are any further clues suggesting an attempt at recovery. A rather […]
The Aussie telco stock, Telstra (TLS: ASX), after a long time in the wilderness, looks like it could be trying to carve out a base. There might not be much more to this move that a good dose of ‘what goes down must eventually come back up’ but I will be watching for further clues […]