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.
Toyota's stock is stalled at the traffic lights and has been for many months. It's convenient to attribute the sluggish performance to the automaker's recent recall woes, but a closer look at the stock's technicals will show the downtrend's been in place for sometime now, although the stock did manage to break out from the descent somewhat last year to take on a prolonged sideways trading pattern.
While Nintendo's earnings have held up relatively well during the financial crisis, the same canno be said about its shares, which has lost a sixth of their value last year, compared to the overall tech sector which staged a spectacular recovery over the same period. So what happened?
If you Google ‘cause and effect’ you come up with a list of millions. It’s a complicated subject, and the relationship between the cause and effect on the Google price chart is just as complicated. It's convenient to associate the recent price pullback with Google’s current dispute with China. However, a closer look at its stock chart would reveal other factors at play.
With gains of more than 70% so far this year, China is the only global market which has showed a true and powerful “V” shaped recovery, epitomizing the return of investor confidence after a dud year that was 2008.
Expectations that the Fed will hike rates in 2015 coupled with concerns about the health of the euro zone economy are weighing on the euro/dollar.
Japan's Nikkei had a huge day on Monday, surging 4 percent in 16 months, as investors scooped up bargains after a rout last week.
The Dow Jones entered negative territory, while the S&P 500 and NASDAQ posted their worst weeks since 2012, leading traders to warn of a correction.
Nymex crude oil fell below $90 per barrel for the first time in 17 month last week amid signs of a supply glut, and charts suggest further downside.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.