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.
The Dow chart has two significant chart patterns and they combine to limit the Dow rally in the short-term.
The Dow Jones industrial average's breakout above 18,300 is significant, but it is also weak.
The long and steady decline in the Australian dollar from $0.93 to $0.69 has paused and developed a significant reversal pattern.
The Shanghai Index has developed a powerful rally and has moved above the critical resistance level near 3000, says Daryl Guppy.
Janet Yellen used to be decisive but now she not so sure, and that's a gift to traders.
The prospect of a Trump or Clinton victory in the U.S. election isn't seeming to induce any jitters in the dollar index.
The recent pullback towards 1.10 suggests that bearish pressure is building on the euro-dollar.
The yellow metal's dramatic fall from $1,340 to below $1,260 is a break-and-enter theft on a grand scale.
The outlook for oil prices remains bullish, both on the chart and in the economy.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.