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.
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.
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?
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.