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 SARS plague was an Asian nightmare that threatened the world. This year brings SARS 2 – Severe American Recession Syndrome. Its heartbeat monitors are the Dow 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 statistics is enough to send investors screaming for cover. But what do the charts say?
Are we there yet? That's the question on everyone's lips. People are praying for capitulation. We take a look at the charting features that will help to identify, first, the end of the market fall and second, the development of a market recovery.
This week has been one for the record books. But while investors were left scrambling in the wake of the Lehman, BoFA/Merrill and AIG dramas, oil prices quietly slipped below $100 a barrel. And no one said anything about it, so Charting Asia will!
The government bailout of Freddie Mac and Fannie Mae unleashed a Mac Attack on markets worldwide with Asia experiencing a 4% pop Monday. Can the pop turn into a lengthy rally, similar to the rally that occurred after the Bear Stearns bailout? The short answer -- no.
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.