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 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 Australian dollar has remained trapped in a sideways trading band for one year and there is little sign of a strong change in the trend.
Is the U.S. dollar sailing north with the U.S. fleet?
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.