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.
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.
The changes in the trend of the U.S. dollar are helping to push commodity prices higher. The impact of this is also seen on the NYMEX oil chart, where prices have broken significantly above the historical resistance of $88 in recent weeks. Tensions in the Korean peninula are expected to add to the upward momentum.
Hong Kong remains the primary entre-port into China and north Asia investments. And for this reason, its market quickly feels the effect of decisions made in Beijing, and the tensions in North Korea.
The prices of the U.S. dollar and gold typically move in opposite directions: when it's time to buy gold, it's probably time to sell the dollar. But recent analysis of their prices show this typical pattern weakening, says Daryl Guppy of Guppytraders.com.
The artillery attack by North Korea on its southern neighbor sent Seoul markets tumbling, although the losses were not as severe as many has feared. And despite the political jitter, the charts show further upside in South Korean markets.
Charts suggest that the market is anticipating more hurdles for AMP's proposed takeover of AXA Asia before it becomes a a done deal, says Daryl Guppy of Guppytraders.com.
Charts suggest gold prices have further upside with the next target at $1,440-$1448, but watch out for consolidation, says Daryl Guppy of Guppytraders.com.
The Shanghai Index consolidation retest of the uptrend was stronger than expected.
The media is awash with claims that the S&P is in danger of imminent collapse.
U.S. crude seems to be going nowhere but the weekly New York mercantile Exchange l chart for WTI tells a different story.
The euro/yen is taking a graceful swan dive following weeks of consolidation.