FINANCE

Charlie’s Charts 10th July 2019

When things do not go in the right direction it is good to have a pre-determined exit point. With the [email protected] 500 trade things initially went as planned then some unexpectedly high employment numbers came out and the market turned south and we were stopped out.  The...

Charlie’s Charts 4th July 2019

The US market finally moved above a stubborn resistance zone last night and could be headed for another leg higher. We bought a position in the [email protected] 500 e-mini contract and will include it in next week’s table. With luck the Australian dollar will remain at low levels...

Charlie’s Charts 26th June 2019

It looks like a case of break through or break down for the broad based [email protected] 500 Index along with a few individual stocks which are struggling to make decisive new highs. As traders take their positions it is important to follow your trading plan and to have the exit...

Charlie’s Charts 19th June 2019

The local market is pushing towards the all-time highs reaching higher again today on the back of a stronger US market last night. The gold price has again failed to pierce the $1360 level and eager gold bulls say it is only a matter of time before heading higher....

Charlie’s Charts 12th June 2019

The local market continues to rise with the current leg up reaching fresh yearly highs and within striking distance of the all-time high set back in 2007. The Dow Jones Index in the US is off the highs and is trading in a large sieways range and may have formed a...

Charlie’s Charts 5th June 2019

The local market has held up relatively well against a falling US market over the past week. One sign of strength has been a similar range down in points and days from the last high close to previous ranges down.  Investors may seek comfort in holding nice yielding...

Charlie’s Charts 29th May 2019

The local market has come off the recent high and could be heading down to a possible support level around 6,350. A bounce off support and a lower high would be an interesting pattern for the sell in May supporters looking for a further decline. The gold price has...

Charlie’s Charts 22nd May 2019

A surprising win by the Coalition government boosted the local share market to 12 year highs led by health insurers and the banks. NIB Holdings rose 15 per cent after the election. The Australian dollar has been falling in some part due to anticipation of a rate cut....

Charlie’s Charts 15th May 2019

The local market closed up from the lows yesterday after US markets fell in response to trade tensions with China. The Dow Jones Index recovered over half the losses last night.   Gold moved up from a small consolidation pattern on the daily chart with some...

Charlie’s Charts 8th May 2019

The local market closed well off the highs yesterday as US Futures markets again showed a possible big fall in their markets as increasing uncertainty surrounds trade deals with China. We took a small short position in ASX 200 cfd’s to help hedge any further falls....

Charlie’s Charts 1st May 2019

The local market posted an 11 year high late last week and the MACD indicator did not make a fresh high which suggests a period of weakness may be ahead. Perhaps a shorting opportunity is coming up for traders or a time to hedge positions for investors. The US [email protected] 500...

Charlie’s Charts 24th April 2019

The local market moved up strongly yesterday to post a fresh high for the year and is not far away from last year’s high at 6,373 thought still shy of the 6,850’s last seen in 2007. The longer term monthly chart putting the 2007 high into perspective. The tech heavy...