The local market is taking a breather after three days up.
This chart shows the local market is yet to conquer the 7,600 resistance level by any meaningful amount.
Macquarie Technology Group looks like breaking above the resistance zone.
Johns Lyng Group shows a similar break higher.
Could James Hardie be forming a double top pattern?
Commonwealth Bank keeps on climbing. If this banks shares were to make a move equal to the previous range they would hit a tad over $130.
Australian Clinical Labs looks to have broken the down trend.
Mark Moreland from Team Invest recently called Whitehaven Coal a buy on ausbiz’s stock of the day show.
Pro Medicus is extending their extraordinary gains over the past year and has moved above the trend channel.
An interesting look at what happened to the US S@P 500 index after the first interest rate cut over the past 50 odd years.
Some general statistics of what can happen after markets make a new all-time high.
A different look at what happens when technology stocks outrun the market averages by more than two standard deviations. Is the peak coming sooner than we think?
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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