The local index on a monthly chart is holding steady above the old highs for now.
The price of silver looks to have bounced off a support zone and could be about to breakthrough the recent highs, or not.
One of the top performers today is IDP Education up around ten per cent at lunchtime.
Pipeline owner APA could be building up for a move off the recent lows.
Tuas looks set to move higher after some sideways consolidation.
Whitehaven Coal could be in for a re-rating after expanding their metallurgical coal footprint.
Cooper Energy is making higher lows and steadily moving up.
Vulcan Energy has broken out of a basing pattern and could be heading higher.
One analysts list of consistent compounder’s on the ASX.
An interesting longer-term chart of the S@P 500 index from Tom Bowley at Stockcharts showing both bull markets and periods of tough sideways markets. The current bull will end at some point and returns from equities could become much lower.
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.
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