Chinese stocks stormed higher in recent months, but charts indicate they may face a period of consolidation.» Read More
The SARS plague was an Asian nightmare that threatened the world. Events in Asia were closely watched to assess their impact on the rest of the world. Its spread, and eventual containment, was measured by thermal imaging devices in airports.
This year brings SARS 2 – Severe American Recession Syndrome. Its heartbeat monitors are the Dow Jones Industrial Average and the S&P 500. We use the monthly S&P 500 chart to measure the temperature and track the recovery.
October hasn't been a very good month for Japan's Nikkei 225 Average. And for those invested in the Nikkei, October has been nothing short of apocalyptic. A quick run through of the stats is enough to send investors screaming for cover.
The allure of gold has never been stronger in today's volatile markets. The precious metal has been glittering over the last few weeks following massive one-thousand-point swings in the stock market, pushing it through $900 an ounce from the mid-$700 level in September. Some market watchers are even calling for a spike to $2,000 in the next six months. It's no wonder the shiny stuff is sometimes called the 'world's crisis commodity'.
Are we there yet? This is the key question and it relates to finding the bottom of the market.
The past week has been filled with one heart-stopping development after another. It reads somewhat like a Hollywood movie trailer ... banks fall, markets surge, bailouts abound.
This week has been one for the record books. Wall Street went into crisis mode when Lehman Brothers failed Sunday evening and declared bankruptcy. This pushed Merrill Lynch into the arms of Bank of America in a takeover that stunned investors.
The Federal Reserve bailout of the distressed Freddie Mac and Fannie Mae unleashed a Mac Attack on markets worldwide with around a 3 percent pop Monday. Can the pop turn into a lengthy rally, similar to the rally that occurred after the Bear Stearns bailout? Has this the potential to signal the end of the dreadful run of news and the beginning of a new sustainable uptrend? The short answer -- no. The charts suggests this Mac takeaway is more a burp than a trend changing experience.
Templeton Asset Management's misery index of high inflation and high unemployment has spiked in Thailand.
In one of my past incarnations, I was -- I kid you not -- a gold miner. Yes, I actually worked underground in an Australian goldmine. Since then I have found it much easier, and much more profitable, to mine for gold in the financial markets. Here, gold is a mother lode of opportunity, as indicated by the weekly NYMEX chart.
Malaysia's KLSE Composite Index (KLCI) has tracked its regional peers downwards to lose more than 20 percent of its value this year alone. Amid the gloomy sentiment and political upsets facing the market, some of our readers have written in requesting for analysis on the index. Charting Asia finds out if there is light at the end of the tunnel.
The KLCI is in the grip of a long bear hug. This is most easily seen on the weekly index chart. This puts daily price activity into a wider context. The dominant feature is the long term head and shoulder pattern . This is a bearish pattern and is useful in two ways.
First it confirms the bearish nature of the market and this directs our attention to downside support levels. Second, the pattern is used to establish potential downside target levels. These pattern projections have a high level of reliability as seen with the DOW and NASDAQ patterns.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.