The local market is still stuck in a sideways consolidation below a resistance zone. President Trumps ever changing tariff policies are causing uncertainty in investors minds. The RBA decision to not cut interest rates also let the air out of some punters bullishness.
The SPY ETF that mirrors the US S@P 500 index is slowly edging up to new highs. July is seen as a strong month seasonally with August and September weaker historically.
Some gold miners like Northern Star have taken a beating on recent updates which saw lower volumes and increased costs.
Cobram Olive Estate moved sharply higher after a recent update.
Amplitude Energy could be building up for a move higher.
Tabcorp is making higher lows and recently moved out of a small consolidation.
Wealth Platform mob Hub24 is up nearly 100 per cent from the lows as it heads for the $100 level. Which way from there?
Could IGO finally be making a low?
Wagners Holding looks to be making a longer-term rounding bottom.
Woodside Energy looks to be re-testing the breakout zone.
A chart of the increasing interest expense on the massive US government debt.
This graphic shows the local and US dollar performance of a number of countries stock market over the past financial year.
A look at how the current Presidential cycle in the US stock market is playing out against historical averages.
Can base metals head significantly higher or will this be another false break?
Asset manager Blackrock makes more from Bitcoin than their US stock index fund.
A thought provoking quote asset bubbles.
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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