The local market is continuing to slide lower for now. Will there be a Santa rally this year?
Regis Resources looks to be having a nice bounce from the breakout zone.
Boss Energy could be posturing to make a low.
Car Group is one of several growth stocks coming off recent highs.
Karoon Energy looks to be forming a down-sloping wedge pattern. Woodside has a similar pattern.
Some of the big miners like BHP and Fortescue have made a higher low and could gain further on the back of any stimulus coming from China.
Stockland looks to be consolidating at these prices.
This is an interesting graphic showing the correlation between energy usage and income per capita of different countries and comes from a Matt Barrie article on the demise of the Australian economy titled “Flat out like a nation sinking”.
This shows Warren Buffets cash hoard at Berkshire over the years.
This graphic from Investor’s Intelligence shows that bullish advisors can get it very wrong near the top of markets.
High equity market concentration of a few stocks in the index shown over the past 100 years.
This economic indicator shows US financial conditions improving.
This graphic from Market Vector shows how the price of Bitcoin has moved over past post election cycles. Where to this time? One thing to note is that each new cycle has gained less in percentage terms over the period than the previous cycle as the overall price increases.
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.
To order photos from this page click here
