Tag: stock charts technical analysis
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Bounce or Break that is the question? Today we are retesting the 26th October bottom at 5624.6. This is the lowest level we have been ...
Read more about Charting Wisdom – Australian Stock Market Report 20 Nov 18
Markets used to mainly move on the back of events like companies reporting etc, however what we have recently seen is that markets are …
There are big things starting to take place in financial markets across the globe. However the general public will be unaware of what’s going on. The big number one reason for this is ...
This chart which explains why the local market has been performing the way that it has over this year which is different to most of the recent years
There is a very strong and reliable seasonal pattern in both the Aussie and US markets and that is the Santa Claus rally. However we need..
3 major world markets that just went sideways. London’s FTSE, China’s Shanghai and Japan’s Nikkei 225. Maybe they will turn around this week or they could be indicating this is a potential false break?
Friday was the end of the financial year here in Australia. We start the new week coming with a fresh start for a more promising year irrespective of how good or not so good it was. The XJO gained 488.1 points or 9.8% over last financial year but from a calendar basis we are up only 55.7 points or 1.0% and we are now half way through the year.
It was a big week for just 4 days thanks to the Queen’s Birthday holiday in most states last Monday.
As mentioned last week the US markets have moved back up to retest their March 1st all-time highs and they have done this on fewer and fewer stocks. This last week shows what can happen when these fewer and fewer stocks break traction, the market can lose control.
All eyes will be on France this weekend as they go to the polls. Their system is a little different to our own. If there is no clear cut winner when they vote on Sunday then there will be a round two of voting in two weeks’ time between the top 2 candidates. The winner of this will become France’s new leader. Why is this of any concern to us or the markets you may be wondering?