The local market has put in a fresh all-time high this week as big market cap mining stocks take the lead.
Global miners BHP and Rio are up strongly this month with BHP up on the back of record copper production.
The Emerging markets index is pushing on strongly.
Woolworths shares were up strongly after their latest results update and pushed through the down trending price channel.
Rural Funds Group shares have been rising steadily over the past year.
Gold miner St Barbara has formed a nice rounding bottom which could indicate higher prices ahead.
Minerals 260 shares rose around 50 per cent this week after their latest update.
Former market darling Pro Medicus shares have fallen around 70 per cent from their highs. Will they recover?
Another former high-flyer Wisetech Global had a bounce up in price after their latest update. Will that be the low?
A great story by Shane Oliver from AMP on the Livewire website suggests the Australian stock index may begin to outperform the US stock market index after around 16 years under-performing comparatively. A resource boom would certainly give that a boost.
What one US dollar buys in grams of gold over the past 30 years is very much on the decline. When will the trend end?
This is a limited and historic take on where the US S@P500 index goes after energy stocks turn bullish. It could be a decent year of gains ahead or perhaps not, time will tell. Source Market Stats.
The headlines can sometimes indicate a contrarian turning point in markets as shown by this historical US dollar example from US publication TrendLabs. Is the low already in?
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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