The local market has continued the slow drift lower and is down around one per cent today.
The price of gold has made a lower top and is falling from a strong resistance zone.
James Hardie has fallen back below the trend line as the company has again cut forward guidance.
After releasing a $5bn profit for the half and posting a climb in impairment charges the CBA price fell around five per cent today from these lofty levels.
CSR looks to be making a similar spike type low to that seen a few weeks ago.
Lithium hopeful Lake Resources is well off the highs.
Will the Aussie listed Nasdaq ETF NDQ make a higher low or just fall away?
The Lottery Corporation looks to be consolidating at these levels.
Dexus has made a nice bounce up from the breakout zone.
With higher rates on their annuities attracting more customers Challenger could break out of the sideways move.
With lower forward earnings guidance in full swing lower share prices are looking likely.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise… Cheers Charlie.
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