The NASDAQ is in focus with the looming November close as the index looks to try and hold the 5,200 level and print a potential third monthly candle close above this key breakout level. A successful hold above 5,200 would help to develop a bullish ascending triangle breakout following those already seen on the the S&P500 […]
Here are some charts of technical breakout patterns that I’m stalking and an update of some that are already in progress. There are quite a few charts and so just ticker symbols are shown.
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.
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 […]