The local market is up around one per cent today and is on the verge of moving up to new all-time highs if it can break through this resistance zone.
Macquarie Group is approaching previous highs. Can it break through this time around.
Aristocrat Leisure is making all-time highs.
Seek is testing support.
Codan is marking time at a slightly higher level.
Centuria Capital has failed again to break this resistance level.
Steadfast has pushed through the recent resistance zone.
G8 Education is trading in a small tight range at the upper bounds of a larger, longer sideways move.
Capricorn Metals keeps bouncing off the up-trend line.
Ventia Services Group has moved up to a fresh all-time high.
This chart from Tom Bowley at StockCharts shows the US Nasdaq index looks to be making a bearish divergence pattern which can come before a downturn in the market. US economic numbers due out tonight could send markets either way.
This is an informative graph from Tom Bowley at StockCharts on the US rate of inflation which has been coming down for a while now. How long till the Federal Reserve cuts rates?
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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