The local market is trading sideways for now and could be close to forming a double top pattern.
4D Medical has posted two weeks of impressive gains.
Brambles has finally moved above the pre GFC high.
Telix has made a fresh yearly high.
Lithium miners were boosted by recent growth figures out of China.
Listed investment company Australian Foundation has yet to break the down trend.
A look at global liquidity cycles suggests the worm may have turned and predicts the next high in liquidity in 2026, perhaps signalling the next share market peak, time will tell.
On the other side of that debate we have the impact of Yield Curve inversions showing the likelihood of a coming recession after the curve moves back above the zero line..
Interesting graph showing how wrong “Mr Market” is when predicting what the US Federal Reserve will do with interest rates since 2008.
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.
Monitor, measure, manage and maximise… Cheers Charlie.
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