The local market is performing worse than the US market since the recent high. After a bounce from a previous support zone the local market is trading sideways, perhaps waiting for some kind of catalyst.
The broad-based S@P 500 index looks to be marking time with traders waiting on a US interest rate decision next week which could send the market either way from here. Traders are also jittery about a possible rise in Japanese interest rates later in the month. Interesting times with December a usually strong month.
The price of bitcoin has been on a roller coaster ride over the past two years. Can it stabilise here or fall further. Some see the fall of bitcoin as some “Canary in the coalmine” type warning.
This Gold ETF listed in the US shows an interesting pattern after breaking up from the consolidation.
Rail mob Aurizon is rising.
Will Commonwealth Bank’s next move up form a lower high and stall at the support/resistance zone? Time will tell.
Select Harvest has moved above a support and resistance zone.
Rural Funds Group looks to be moving out of the sideways pattern.
Ramsay HealthCare has just moved a little above a long-term down trend line. Perhaps tentative signs of better prices ahead.
This shows the comparison of Wisetech earnings versus the share price over time.
This table shows the performance of US shares leading into and after the US mid-term elections since 1926.
All the world’s gold.
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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