The local market is up a bit today and again poked it’s nose over the down trend line with the gold sector leading the way. The second half of December is a seasonally stronger time than early December.
Gold is getting close to making a new yearly high, will it back and fill a bit before then?
Ramelius Resources moved above the trend line yesterday and is up again today.
At the time of writing Red5 was not trading higher after the gold price move last night.
Resolute Mining moved out of the congestion pattern today.
Alkane was up strongly in morning trade.
Adairs has moved out of the wedge pattern.
Collins Foods moved up nine per cent yesterday after their latest earnings update.
This little statistic came from Market Index this morning.
A nice little graphic showing the downturn in the $TNX at the same time the SPY is moving up.
An interesting take on how the US S@P 500 index might play out over the coming months from Tom Bowley over at StockCharts.com.
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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