The local market dropped yesterday after the Reserve Bank raised interest rates a further 25 basis points and is down more than 1 per cent today.
The US S@P 500 index has so far failed to break up past the January high.
The price of gold is in a tight range near previous highs. Can gold finally move higher?
After a good run up Data#3 could be in for a correction, time will tell.
Flight Centre is still stuck in a large sideways move.
Gold miner Gold Road Resources is finding it tough to move past the $2 level.
Life 360 is in a tight sideways range for now.
CSR briefly moved above the years high then dropped lower, perhaps a sign of weakness.
29 Metals could be forming a base at these levels.
Like most Australian banks the Commonwealth Bank is down for the week so far. It is also in the middle of a large sideways pattern.
An interesting graph showing 200 years of US interest 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.
Monitor, measure, manage and maximise… Cheers Charlie.
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