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.
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.
A breakout pattern and new uptrend are yet to emerge for the Shanghai Composite Index – recent activity indicates three possible patterns ahead.
Gold prices have fallen about 7 percent since its 2014 high but brace for further losses as the downtrend remains intact.
Come April, the price will fall to 530 yen with the sales tax completely excluded, and retailers can choose to absorb none, some or all of the tax.
The Shanghai Index is on course to potentially complete a broader strategic reversal pattern. Chartist Daryl Guppy explains.