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Asia-Pacific Markets Charting Asia with Daryl Guppy

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  Tuesday, 15 Mar 2011 | 12:06 AM ET

Nikkei 225 Could Plunge to as Low as 7,000: Chartist

Posted ByDaryl Guppy

The Japanese earthquake, tsunami and nuclear plant problems have inflicted a massive human toll. The effects will continue in the Japanese market for months and years to come. At the time of the Kobe earthquake in 1995 the Nikkei was in a much strong position than it was in 2011, prior to the current earthquake.

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  Monday, 7 Mar 2011 | 11:11 PM ET

Next Target for Silver $39, But Stop Loss is Key: Chartist

Posted ByDaryl Guppy

Which is better – gold or silver? Often consigned as an industrial metal with limited value, silver has outshined gold in the past 18 months. Between July 2010 and January 2011 the COMEX silver futures price rose by 72 percent from $18.00 to $31.00. Silver outperformed gold by more than three times and it continues to do so.

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  Tuesday, 1 Mar 2011 | 10:54 PM ET

Oil's Next Target May Be Rapid Move to $112: Charts

Posted ByDaryl Guppy

Oil continues to be the front and center of investors' focus this week, with nymex crude surging beyond the $100/barrel mark as unrest in the Middle East sparks concerns about possible supply disruptions.

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  Tuesday, 22 Feb 2011 | 12:58 AM ET

Nasdaq May Retreat 11% after Reaching 3000: Charts

Posted ByDaryl Guppy

It has taken 16 months, including a significant retracement, but the Nasdaq has added more than 100 percent since the 2009 lows. It’s an excellent performance if we ignore the pullback from 2550 to 2100 in the middle of 2010. The key question whether the index continue its runup, or if another significant pullback and consolidation are a higher probability.

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  Monday, 14 Feb 2011 | 11:13 PM ET

Kospi's Retreat A Warning Sign for the Region: Charts

Posted ByDaryl Guppy

South Korea's benchmark index has been an important barometer for the rest of Asia's markets, so a recent fall below the trend line of the Kospi is significant.

There are two conclusions we can draw from the chart.

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  Monday, 7 Feb 2011 | 10:40 PM ET

Oil in Long-Term Uptrend, Regardless of Middle East: Charts

Posted ByDaryl Guppy

The price of oil is rising and it is unwise to dismiss this as a result of the increase in tensions in the Middle East. These political problems have added to the upside pressure, but the oil price uptrend had already been set. If, or when, the political problems are resolved, uptrend is expected to continue, according to the charts.

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  Tuesday, 1 Feb 2011 | 1:26 AM ET

Dollar Down, Gold Up, Right? Wrong, Says Chartist

Posted ByDaryl Guppy

U.S. dollar down, gold up. Right? It's simple and common investment axiom. But guess what? It's been absolutely wrong for more than two years.

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  Wednesday, 12 Jan 2011 | 2:15 AM ET

Nasdaq Uptrend to Continue; 2,950 is Next Target

Posted ByDaryl Guppy

The Nasdaq has been the leading indicator of the U.S. equity markets since March 2009, when the economy began its recovery. The Nasdaq leads and the Dow follows. So it may be worth checking the Nasdaq chart for clues on where the Dow may be headed.

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  Wednesday, 26 Jan 2011 | 12:10 AM ET

India Stocks at Start of Long-Term Downtrend?

Posted ByDaryl Guppy

India's stock markets have taken a beating this month, after chalking decent gains in 2010. The 25 basis points rate hike by the Reserve Bank of India on Tuesday didn't help sentiment either. The seventh consecutive rate increase is stoking fears that the tightening could hamper economic growth.

So has the market's upward momentum been derailed? And is the change in direction long term or is it just a bump on the track?

A look at the benchmark Sensex's chart show two features which suggest a temporary derailment.

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  Wednesday, 19 Jan 2011 | 2:12 AM ET

Shanghai's 'Side-Ways' Movement to Stay for A Bit: Charts

Posted ByDaryl Guppy

Since their remarkable recovery in 2009, China's stock markets have since been characterized by a long drawn-out sideways movement punctuated by rapid rallies and equally precipitous falls. Many of these have been initiated by changes in Government policy, particularly in relation to changes in interest rate and bank reserve ratio policies.

The Government has been applying the classic Chinese strategy of 'pulling-the-firewood-from-beneath-the-cauldron'. This is done by deliberately removing the heat from the market by pricking speculative bubbles without creating a general market collapse and managing the need to re-orient an economy that was too dependant upon exports for growth.

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About Charting Asia

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.

 

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.