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.
Wall Street's been experiencing a pullback this week. Are the green shoots of growth about to be nipped in the bud? Will they be overtaken by fast growing Chinese bamboo shoots? Chart analysis provides one method to assess the viability of green shoots and bamboo shoots.
The firestorm caused by Rio Tinto pulling out of its deal with Chinalco, resulting from the partnership with once bitter rival, BHP Billiton, has the makings of a soap drama. It's enthralling viewing, but many observers are missing the vital sub-plot which leads to the surprise ending.
The Nasdaq has provided consistent leadership in market development since the beginning of the bear market on late 2007. This information is especially useful if you are trading the Dow or the S&P 500, as these indexes follow the Nasdaq with a lag of several days.
General Electric reports first-quarter earnings on Friday. What do the charts say about about the venerable stalwart of Wall Street? Well it looks like investors may have to wait a long time for returns. Traders, on the other hand, will have much more fun and profit.
Geopolitical tensions between Ukraine and Russia has accelerated the rally in Nymex oil prices that started in the week of January 18.
As questions on the effectiveness of Abenomics continue before a sales-tax hike takes effect in April, where the yen's headed is anyone's guess.
Worries about U.S. and China's weak economic data have seen gold rise to a three-and-a-half month high on Monday.
The appearance of a pattern in one time frame does not foreshadow the appearance of the same on a larger time frame.