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.
Chinese stocks stormed higher in recent months, but charts indicate they may face a period of consolidation.
Gold fell on concerns that a strong dollar and improving economy could damp demand, and silver charts suggest that bullion may not regain upward momentum soon.
Charts suggest that the downtrend in the euro/dollar is firm ahead of the European Central Bank's (ECB) policy meeting on Thursday.
The Dow Jones Industrial Average posted its largest annual gain last year and while momentum has slowed, investors are questioning whether the rise has run its course.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.