The local market is trading within a small range on the daily chart and is grinding higher over the longer term. Can resource stocks come to the party this year?
The local FANG ETF performed well in 2024, will we have a repeat in 2025? A favourable US jobs number this week could boost shorter term gains.
Boss Energy could be forming an ABC type low here. An upcoming expansion of production could bolster earnings.
Corporate Travel also looks like it could form an ABC type pattern.
Resmed is consolidating in a sideways range for now.
Evolution Mining is in a sideways range not far from all-time highs.
JB Hi-Fi is consolidating before it’s next move. With interest rates forecast to begin moving lower it could boost consumer spending.
Some market analysts see the move above the down trend line as a big positive for the copper price.
A look back in time at what has happened after previous 20 percent plus gains in the S@P 500 index.
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. Wishing everyone a happy and healthy holiday season and many thanks to Incredible Charts.com software for most of the charts used in the column. Cheers Charlie.
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