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 […]
The four main US stock indices, S&P500, DJIA, NASDAQ and Russell 2000, have all been in recovery mode since the end of the Global Financial Crisis. All four have held above monthly support trend lines but there are technical indicators suggesting a pull back is in store on all of them. I would greet any […]
The two main Aussie stock market indices look like they could be building up towards a breakout move following a lengthy period of consolidation. Both are now forming up within symmetrical triangle patterns and so traders should be on the lookout for any potential breakout; bullish or bearish. However, if I was to hazard a guess, […]
This NASDAQ article is an update to one that I wrote in November. I have been trading the NASDAQ and its stocks for some time now and wrote my first article on them back in September this year. The NASDAQ actually traded above 4,800 for part of the last trading day of November, I know because I watched it, but […]
FX markets might be a bit slow but the same cannot be said about stock markets. Some stocks look as if they might be getting ready to breakout and one of these is Applied Materials Inc (AMAT). AMAT is just one of the NASDAQ stocks I am stalking and I have been selling Puts here […]