The local index looks to be marking time at the moment with several weeks closing prices in a narrow band.
The local technology stocks took a beating this week on the back of weaker US tech stocks and has been headed lower since the October 2025 top and is now lower than the panic lows of April 2025.
Saw this chart on Facebook from Craig Tapping at Mastering The Markets showing the historical relationship between the price of gold to the US dollar index. Which way will they go?
WTI Crude oil is still in a down sloping wedge type pattern on the monthly chart.
The big Australian BHP is back at the top sneaking past Commonwealth Bank.
New Hope Corporation made a higher high earlier this week.
HMC Capital looks to be making a bottoming pattern, will it continue upwards from here?
REA Group is on the cusp of breaking a long-term uptrend line.
Fund Manager GQG who has shunned the big US tech stocks could be due for a re-rating at these levels.
Value type stocks like Amcor were one of the biggest gainers today.
On the down side of the ledger uranium stocks including Nexgen Energy fell.
Some thoughts from others on Mr Warsh’s appointment to the US Federal Reserve.
Stock market declines in severity and frequency over the decades. Remember averages are the middle ground not the extremes at both ends of the data.
As January goes so does the remainder of the year around 80 per cent of the time, on average.
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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