I Tweeted last week wondering if the XJO, the Aussie-200 index, would bounce up from a support trend line and, whilst it as put in a bounce since then, I’m keenly watching the trend lines for any breakout. In this post I take a look at the charts of this index and, also, of some […]

Australian banks remain under pressure due to concern about their exposure to the property market given the perception of a potential growing property bubble. There is often reference to the ‘Big Four’ and this includes CBA: the Commonwealth Bank, WBC: Wesptac Bank, ANZ: Australian and new Zealand Banking Corporation and NAB: National Australia Bank. In this post […]

Risk-on appetite has been generally supported over recent sessions and debate about the sustainability of this trend is a contested topic. I’m keeping an eye on a number of key stocks/ETFs and indices for clues about the next directional move and a number of these entities have trend lines that are currently under a bit of pressure. Whilst I’m reading […]

The Aussie stock market has lagged behind the US market following the GFC but a number of ASX sectors are looking like they could be getting ready to attempt a bullish breakout. The charts of a number of sectors show price action trading up near recent bear trend lines and, as such, they’re worth watching […]

I’ve previously mentioned how I’m reading reports suggesting that recent stock market action is reflecting a bear market rally whilst others are saying this is the start of a new Bull market. I’ve taken a look at the weekly charts of some stocks and US indices to look for clues of either beahviour.