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.
Japan's benchmark stock index the Nikkei Average fell below the 10,000-level for the first time in three weeks last week, and has since had little success maintaining its upward momentum. From a chartist's point of view, the index will continue to struggle in the near term.
Its tempting to suggest that the 'V'-pattern recovery seen on the Microsoft chart reflects the behaviour of the unpopular Vista operating system and the announcement of its replacement with the newly released Windows 7. According to technical charts, however, that's not the case.
The Australian dollar has hit a 14-month high against the U.S dollar, prompting investors to speculate once again, if the currency will reach parity with the greenback. According to historical charts, that outcome is unlikely anytime soon.
When Lehman Brothers collapsed a year ago, the crisis highlighted the fragility of the banking sector. Investors are still shying away from financial stocks, fearing many will follow Lehman's fate. With proper chart analysis, one bank looks set to buck that trend.
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.