Fri 1st Aug (5.40 pm) There were significant losses across US stocks last night but I want to put these moves into greater perspective. There was a warning even before last night’s carnage with one of the ‘bellwether’ stocks, UPS, falling below a weekly support trend line. The week has still not closed for this […]
Wed 30th July This article is a follow up article to one posted back on July 6th 2014. The earlier article dealt with the coincidence of identical bullish targets on both the S&P500 and DJIA being derived from two completely different calculations.
Tue 29th July It’s a big week for the USD this week with FOMC and NFP but, for now at least, Gold is holding it above the $1,300 level.
Sat 26th July Amid all of the global uncertainty over the last few weeks Aussie stocks have managed to carve out a significant bullish weekly close. Three key Aussie stock indices have made bullish new highs on closing for last week.
Sunday 6th July I have been reviewing the S&P500 and DJIA following their recent ascending triangle breakouts from daily chart patterns. I’ve noticed that potential targets on both of these charts line up exactly with targets taken from different breakout patterns on their monthly charts. I find that strangely spooky but reassuring at the same […]