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.
Earlier this week, a reader of my India market newsletter asked if I could analyze Satyam Computer Services. I prepared these notes based on the weekly and the daily chart. On Thursday morning, I returned from Beijing to find the same stock was front page news. These are the notes prepared three days before the breaking news.
It's the season of joy and goodwill. Except, there isn't much joy to be found amidst our gloomy economic situation. Will Santa arrive? Will he deliver a personal U.S. Treasury-funded bailout? Will investors buy into the promise of future delivery based on credit earned for good behavior?
A news event can trigger a rally. A leading indicator of this is a rise in volume which doesn't correspond with a rise in stock price. Today, we chart the game of Pass the Parcel. The aim is not to be left holding the stock when news is either confirmed or dismissed.
Market volume is very significant in short-term trading. The relationship between price and volume provides a guide to the type of buying or selling activity that is developing. In the first of a four-part special, Charting Asia takes a look at the Pump & Dump scheme.
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.
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.