TRENDING NEWS
OIL TRADING BAND BREAKOUT
The NYMEX breakout above long-term resistance near $54 has caused a ripple of excitement in what has been a largely moribund market for nearly 18 months. Sure, there were trading opportunities in t... (Read more) ![]() |
INDEX BRIEFS: STRAITS TIMES INDEX, SINGAPORE
The STI trend remains strong with a breakout above historical resistance near 3260 and a strong rebound rally following the temporary retreat from near 3350. Next upside target is near 3550. Th... (Read more) ![]() |
CNBC NOTES – ABE ARROWS HIT TARGET
Japanese Prime Minister Abe famously launched his five arrows some time ago. They seemed to achieve nothing, apparently fluttering to earth, and the media lost interest. The performance of the Nikk... (Read more) ![]() |
INDEX BRIEFS: KLCI, MALAYSIA
The KLCI index reached the upside target near 1800 before retreating, consolidating and then retesting this level. This created a double top pattern. The KLCI is now testing support near 1730... (Read more) ![]() |
CNBC NOTES – AUSSIE TESTING UPTREND
The Australian dollar has slipped from a peak of US$0.81 to a low of US$0.79 before developing an uncertain rebound. Can the Australian dollar find genuine support near US$0.71 or is Australian dol... (Read more) ![]() |
INDEX BRIEFS: XJO, AUSTRALIA
We were wrong, but we are still profitable. We did not think this rally would develop into a breakout above the trading band. However, let’s not get too excited. The narrow trading band has a... (Read more) ![]() |
INDEX BRIEFS: HANG SENG, HONG KONG
The Hang Seng has reached a double top near 28600. This is a very strong uptrend but double tops are also powerful pattern. The danger is that the Hang Seng will retreat, either form the double top... (Read more) ![]() |
OIL TRADING BAND
Despite world tensions the NYMEX oil chart has barely moved in recent weeks or months. Oil offers rally and retreat trading opportunities but there is no clear evidence of a strong developing trend... (Read more) ![]() |
INDEX BRIEFS: KOSPI, KOREA
The KOSPI trend remains astounding and despite the pullback, the trend strength remains intact. This remains an exceptionally strong trend and traders and investors were alert for consolidation and... (Read more) ![]() |
INDEX BRIEFS: SHANGHAI, CHINA
The Shanghai index breakout has continued to pause and develop the bullish consolidation. It’s bullish consolidation because the index has successfully tested and retested the support level n... (Read more) ![]() |