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. He is a special consultant to AxiCorp.
An opportunity can be found in every market, not just in the markets your look at regularly. This is one of them.
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.
The similarity in the patterns on the gold and silver charts means the silver price follows the gold's behavior.
The rally in the Australian dollar has technical limits that could cap its rise.
The potential for a rebound in the dollar has increased in the run-up to the presidential inauguration day.
Oil prices developed a recovery in 2016 but will this continue in 2017?