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 drop in commodity prices and waning demand from China pushed the Australian dollar to fresh lows, and now the currency faces a test of support.
The rapid collapse in Nymex oil prices caught many investors offguard, and the charts suggest worst may not be over.
Analysts worry that the S&P 500 will collapse following the index's 14.5% rise in 2014, but patterns suggest otherwise.
Does technical analysis work, or is it akin to reading tea leaves?
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.