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 euro currency is set to fall further against the U.S. dollar, given the economic problems in the Euro zone, and the greenback's status as the current 'bully' among the key currencies, said technical chartist Daryl Guppy of Guppytraders.com.
One of the most dangerous market myths is that the market always rises over time. To many investors, this underscores the buy-and-hold strategy. Just buy-and-hold and the market will bring you a windfall eventually. Right? Wrong. Unfortunately, this is a pure myth and simply untrue.
Cathay Pacific's posted its best six-month profit in two years on Wednesday, lending support to its shares which were already up nearly 2 percent ahead of the results. While it's easy to attribute the recent stock gains to the Hong Kong flagship carrier's improving earnings, a closer look at the firm's stock chart shows a broad cruising pattern that's unlikey to be significantly altered by earnings releases.
After a terrible 2008, Indian stock markets came roaring back to life in 2009. But as we enter 2010, with stocks becoming more expensive, and fears and inflation and asset bubbles forming in parts of the global economy, where are India markets headed?
Toyota's stock is stalled at the traffic lights and has been for many months. It's convenient to attribute the sluggish performance to the automaker's recent recall woes, but a closer look at the stock's technicals will show the downtrend's been in place for sometime now, although the stock did manage to break out from the descent somewhat last year to take on a prolonged sideways trading pattern.
Despite doomsayers' predictions that the S&P 500 index will collapse, the charts still don't support those warnings.
The euro zone is under pressure, the Shanghai Index is falling and US rates will rise. But despite these factors, gold continues to move sideways.
Four key features of the Shanghai Composite have exacerbated its plunge, pushing it toward the consolidation area between 3000 and 3400.
There is to be a big change in the direction of China's Shanghai Composite Index, with a high probability the market will find support at 3400 points.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.