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.
There are some significant differences, but also similarities, in the behavior of the blue chip Dow Jones Industrials and the broader S&P 500 indices. Historically the most significant difference is in the way the 2009 recovery trend was defined.
Last week's occurence of the second Hindenburg Omen in as many weeks has investors concerned if an Armageddon scenario is in the cards for the U.S. stock markets.
The dollar continued its slide against the yen on Wednesday, moving within sight of a 15-year low versus the Japanese currency. Just how low will the dollar-yen go?
In my previous commentary on the U.S. dollar index published in May, I mentioned that the index, which surged in mere weeks then, was primed for a collapse due to the parabolic nature of its uptrend.
The dollar's recent strength has been explained by most market analysts as a result of the euro weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar's chart - particularly the dollar index - suggests the currency may be primed for a collapse.
The debate over where gold prices are headed has been a active one, with the bulls maintaining that fears of a slowing global economy will keep demand for the safe-haven investment strong; while the bears argue that the current price of gold, which has limited industrial use, is unsustainable in the long term.
While the euro-dollar breakout looked like a short-term move rather than a trend change, the situation now is different and impacts long term positions.
With Nymex rebounding 40 percent since its lows of the year, many are asking if the uptrend will stay or whether if it is a short-term bounce.
The euro may have rebounded more than 6 percent from its lows of 1.05 against the U.S. dollar, but chart analysis shows that rally may be shortlived.
The Nasdaq's move above 5132 has sparked concerns that this would signal the end of an uptrend. But chart analysis suggests otherwise.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.