The local market looks to be consolidating the recent move higher.
The big sectors of local market look to be reminding us that sectors have cycles with the current rotation into the large miners which are picking up a bit while the banks have come off their highs. This is BHP moving up from the lows.
This is Commonwealth Bank over the same time coming off the recent highs. How low could it go?
The basic materials sector in the US looks to be turning up from the recent low point.
Resmed has made a new high.
Elders has moved out of a bottoming type pattern.
CSL is moving higher for now, will it hit $300 soon?
Alcoa has moved above the sideways congestion pattern.
Droneshield may have made a possible spike high for now.
Ramsay Health Care could be forming a bottoming pattern.
This is a different view of the current run up in gold and suggests we may have already peaked. A significant lower top below the parabolic up-trend could be seen as further confirmation of that outlook, when or if that happens. Others suggest that gold is taking a pause before moving higher, time will tell.
This chart of a silver miners ETF in the US shows price has reached an area of major resistance which has pushed back prices in the past. Will this time be different?
This graph suggests US stocks are a “crowded” trade and could be due for a pause or perhaps a more severe downturn. Seasonally the US market is heading into a historically weaker part of the cycle.
This is a list of the top performing superannuation growth funds over the past ten years.
This piece of information on who pays taxes is one part of a bigger story on tax from the latest edition of Firstlinks.
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. Cheers Charlie.
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