The ASX200 has continued a steady rise over the last month making May of 2016 a “hold and stay” rather than a “sell and go away”. The daily chart below…
Whilst the chart of the ASX200 shows that a technical resistance zone has been reached there may be more good news that stalks behind the scenes and that belies the…
The first chart below of the ASX200 index uses two charting techniques, support and resistance zones and long term trend lines that form channels. The channel demarcated with red trend…
It is two months since I last analysed the ASX benchmark indices for the Switzer Super Report when I asked the question, “will the ASX’s significant support zone hold?” At…
The 32 year logarithmic chart below shows the channel in which BHP’s share price has moved over this period. The black median trend line shows the controlling gradient. The two…
This two year chart of the S&P500 shows a down trending channel demarcated with black trend lines. The middle thinner black line is the median line of the channel where…
Earlier this week Gary Stone appeared on Peter Switzer’s TV Show on the Sky Business Channel 602. A 10 minute recording can be watched of this show where Gary and…
Over the last month the S&P500 has had a sharp fall followed by a sharp rise, as have most other equity indices around the world. Two weeks ago I suggested…
The ASX200 (XJO) has had a torrid time over the last seven weeks falling 491 points, or 8.65%, from a high of 5679 to Friday’s close of 5188. The question…
At $26.7 billion Rio Tinto (ASX: RIO) clocks in at Australia’s 11th largest listed company. RIO is also listed on the LSE and NYSE with its mining assets spread across…