Nasdaq struggling to break the all-time
high of 5,250.
NYA is lagging the other major indices.
A bit of bearish divergence over the last couple of
years. New highs have not been anything like those
of 2009-12.
Something to keep an eye on.
Good support for the 30-year yield index.
Support at $38. Hope for a bottom as shown
in green. Just a hope at this stage.
Gold
support at 1,300 and a fair chance of rallying to target of
1,550. Possible channel in pink.
Nice pullback to 18.5 and turn confirms
target of 22.5.
Nice little bottom on support is
encouraging, especially if there is a breakout to 3,200.
Nice bottom with breakout and pullback.
Let's see if support at 5,400 holds.
Bottom in pink with breakout from bearish
channel. Needs to rally a little more to break out from
bottom neckline.
Possible bottom in blue. But nothing
persuasive, especially given the long term top, which
might be nothing more than a channel (orange). I would
wait for a close above the blue range resistance at
around 1.18.
Nice turn on support at around 1.25.
Interestingly, the long term trend for the pound is
down.
Nothing much going on here other than
the blue channel, which is still confining the
dollar. Let's see which breaks, the blue and green
resistances or the pink support.
Yen rallying in a narrow channel.
Resistance at 95.
Possible bottom for emerging markets,
but the channel in orange is stronger.
Chance for a right shoulder as outlined in pink. Turnover
needs to build up, also, if we are to
see a persuasive bottom.
Still in the bottoming
zone. It's been nearly six years in this
zone. Surely it's time soon for a major
rally.
Nothing much going on
here. Resistance approaching in green and
orange.
SET is rallying to target
of 1,600 in a nicely defined orange channel
with persuasive volume. Good chance of
target. Support at around 1,480.
But valuation for the SET is still
high. So beware!
Nice bottom, good volume. A turn on
neckline at 500 would be bullish. This chart supports
the bullish outlook for the SET.
Resistance at the current level is quite
strong.
Clear target of 310 supported by very
strong turnover. Good chance.
Resistance needs to be overcome at the
14,200 level. If it breaks, as I expect it will, should
be a clear and easy run to target and resistance at
15,400.
Good support in pink. Fair chance of
target while the support holds.
Now encountering strong resistance. Keep
an eye on the pink support.
Nice breakout gives a tentative target of
16,600. Resistance at 14,600 needs to break first.
A bit of resistance in green.
Orange and green supports are fair.
Nothing much else on the long term chart.
Nice bottom and breakout.
Good support in orange. Target of 8,400 is
promising but needs to break 8,100 resistance.
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