The local market is up on the back of another record high in US markets last night and is still locked in a larger sideways pattern.
The US based Nasdaq has hit another record high and the equal range target from the October 2023 low and closing in on the big 20,000 mark.
Nanosonics could be trying to form a base here.
Macquarie Technology looks to have bounced nicely off recent support.
Lovisa has held up well under lower consumer spending numbers.
Tuas looks to be moving higher.
IDP Education has been under all kinds of pressure and recently made what could be a spike low for now.
Healius has moved above the recent resistance zone.
Australian Clinical Labs could be close to breaking out of this wedge pattern.
The local market over the past ten years has been seasonally strong in July, closing flat or rising 80 per cent of the time by an average of 3 per cent.
One seasonal look at the price of gold over the past 50 years.
An interesting compilation of the length and magnitude of bull markets in the US and where the current run is in comparison.
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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