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Asia-Pacific Markets Charting Asia with Daryl Guppy

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  Monday, 26 Mar 2012 | 11:35 PM ET

Dow to Extend Rally to 13,900: Charts

Posted ByDaryl Guppy

The defining feature of the Dow Jones Industrial Average is the extended support/resistance trend line, which is a projection of the head and shoulder pattern that developed in the middle of 2011. This is the support feature, which will help define the nature of the continued rise in the Dow.

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  Sunday, 18 Mar 2012 | 11:45 PM ET

Oil Rally to Continue, Next Target $125: Charts

Posted ByDaryl Guppy

The NYMEX weekly oil chart has developed a mid-trend inverted head and shoulder continuation pattern. This suggests that the uptrend of the past few weeks has a high probability of continuing. The head and shoulder pattern is also used to calculate price targets using a measured move.

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  Tuesday, 13 Mar 2012 | 7:41 PM ET

Cotton Trend Bearish, Could Fall to 85 Cents/Pound: Charts

Posted ByDaryl Guppy

Fine Cotton was the name of an unimpressive racehorse in Australia. The poorly performing horse was replaced with a much superior look-alike substitute, which won a major race at long odds. The same switching tactics have been seen with the Indian government position on cotton export sales and the results are very similar. It has little impact on the fundamentals of the market.

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  Tuesday, 6 Mar 2012 | 6:23 PM ET

Apple Rally Not Sustainable: Charts

Posted ByDaryl Guppy

The Apple chart shows an unsustainable rally. This doesn’t mean that traders cannot make money, but it does suggest that investors buying in the current market will have to ride a short-term loss before the long-term trend carries them into profit.

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  Tuesday, 28 Feb 2012 | 10:06 PM ET

Shanghai Rally Has Further Upside of 6%: Charts

Posted ByDaryl Guppy

The Shanghai Index has staged a powerful breakout from a severe long-term downtrend. The breakout overcame two significant resistance features. The first feature was the strong resistance level near 2,300. The market consolidated around this level as the breakout developed.

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  Tuesday, 22 May 2012 | 12:27 AM ET

Dow’s Uptrend to Continue but Slowly: Charts

Posted ByDaryl Guppy

Small gecko lizards defying gravity by scuttling along the underside of a ceiling are a common feature of living in Asia. The Dow Jones Industrial Average chart has the same characteristics, clinging to a powerful resistance level.

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  Tuesday, 14 Feb 2012 | 6:07 PM ET

KOSPI to Face Resistance on Way to 2,150: Charts

Posted ByDaryl Guppy

The KOSPI continues to lead market development in Asia, excluding China and Japan. China has similar breakout behavior, but it is from a downtrend. Japan remains in a tight trading range, again in a downtrend. It is Korea that is breaking out after an uptrend retreat.

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  Tuesday, 7 Feb 2012 | 6:15 PM ET

Uptrend in Gold to Continue; Next Target $1,880: Charts

Posted ByDaryl Guppy

The gold price has been historically influenced by three main factors – currency hedging, jewelry demand and central bank activity. To these factors we add a fourth – the activity of Exchange Traded Commodity Funds.

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  Tuesday, 31 Jan 2012 | 7:11 PM ET

Aussie Dollar Heading Towards $1.18: Charts

Posted ByDaryl Guppy

Australian author Donald Horne penned a book in the 1960s called The Lucky Country. The irony of the title eluded most readers who assumed it meant Australia was blessed with good fortune. Horne meant that given the bumbling mismanagement of Australian leaders that Australia was lucky to be as well off as it was. Fifty years later nothing seems to have changed and this is reflected in the relentless rise of the Australian dollar.

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  Tuesday, 24 Jan 2012 | 10:05 PM ET

Oil Can Rally to $120 Over Next Few Weeks: Charts

Posted ByDaryl Guppy

There are two important changes in the price behavior of oil. Forget about the current sabre rattling in the Gulf of Hormuz. That will cause some temporary rally spikes but this is within the context of a change in the oil trend environment. These rallies and retreats provide short term trading opportunities but longer-term traders are well positioned on the long side.

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About Charting Asia

  • 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.

 

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.