The 200 day moving average(MA) is often used as a bench mark to assess a stock for whether it is bullish or bearish. The number of US stocks above their 200 day MA has been on the increase all of this year and the current value is around 73%. I thought I’d try and track this information against the S&P500 […]
Here are some interesting monthly charts of US stocks with trend lines &/or key levels worth watching as August draws to a close.
I was recently asked to look at this index and so here are my humble thoughts based on the DAX charts. To me, the DAX is looking rather bullish at the moment on two fronts: It is trying to carve out a monthly-chart bullish triangle breakout and to hold back above the weekly Ichimoku Cloud. Any […]
The NASDAQ index seems to be hosting its own Olympics-style event this August as it carves out new weekly-chart all-time Highs and looks to try for a new monthly-chart all-time High. This index has lagged behind the older S&P500 and DJIA stock indices but may be about to catch up!
The ASX-200 continues to trade up and out from a bullish Flag and, although buying momentum has been positive, the ADX now looks close to ticking up above the 20 threshold. Here are a few weekly charts that show price action forming up within consolidation patterns that are worth watching for any trend line breakout; should […]