Chart Signals – Weds, Jan 6

Asia Pacific Indices Australia 200 has stabilized in the 5,160 to 5,230 area with more support possible near 5,145. RSI holding 50 suggests underlying uptrend remains intact through the recent downswing. Japan 225 appears to be stabilizing in an 18,210 to 18,430 trading channel between two Fibonacci levels. Support has been rising toward 18,300 as […]

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Chart Signals – Tuesday, Jan 5

Asia Pacific Indices Australia 200’s selloff appears to be subsiding with support coming in near 5,220 and the index bouncing back toward 5,260, regaining 5,245 a Fibonacci level along the way. Initia upside tests appear near 5,272 then 5,292. Japan 225 has a moderate trading bounce underway, rising toward 18,310 from 18,110 where it completed […]

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Chart Signals – Friday, Dec 4

Asia Pacific Indices Australia 200 is testing the bottom of a 5,145 to 5,300 trading channel having been slammed down within the range in the global market selloff. RSI falling under 50 a bearish sign. Next potential support on a breakdown near 5,070 then 5,000. Japan 225 is breaking down today, plunging from near 19,900 […]

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Chart Signals – Thursday, Nov 12

Asia Pacific Indices Australia 200 has found some support near 5,070 and bounced up into the 5,100 to 5,300 area. It needs to retake 5,145 to signal an upturn with next resistance near 5,240 if successful. On a downturn, 5,000 could be retested. Japan 225 remains in an uptrend but has levelled off in the […]

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Chart Signals – Tuesday, Nov 10

Asia Pacific Indices Australia 200 keeps getting slammed, diving down through 5,145 and falling toward the 5,050 to 5,070 range below a Fibonacci level with next potential support at the 5,000 round number. RSI indicates downward pressure increasing. Japan 225 shot up toward 19,700 before sliding back toward the 19,330 to 19,380 range just below […]

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Chart Signals – Weds, Nov 4

Asia Pacific Indices Australia 200 has resumed its uptrend with RSI holding 50 confirming underlying momentum. The index held 5,200, regained 5,250 and has advanced on 5,290 with next potential resistance near 5,310 and then 5,385 a Fibonacci level and recent peak. Japan 225 has regained 19,000 as it rallies toward 19,110 within a 18,720 to […]

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Chart Signals – Friday, Oct 16

Asia Pacific Indices Australia 200 is on an upswing within its higher 5,150 to 5,300 trading range, climbing up through 5,245 a Fibonacci level toward 5,270. RSI holding 50 and rising confirms uptrend intact with next resistance on a breakout possible near 5,285, a 50% retracement of the previous downtrend. . Japan 225 has resumed […]

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Chart Signals – Weds, Oct 7

Asia Pacific Indices Australia 200 remains stuck just short of a channel top near 5,245, but it’s also trading well above 5,070 where it recently broke out of a downtrend, in the 5,180 to 5,200 range. RSI above 50 confirms momentum still turning upward. Japan 225 has been having an inside consolidation day, trading between […]

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The Investment Decision Matrix

Stock index action is highly volatile and range bound – an unusual combination of market behaviours. While uncertainty is driving these conditions, answering two key questions can help investors take a clear course of action. CMC’s chief markets strategist Michael McCarthy provides a decision matrix to simplify the process.  

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Chart Signals – Monday, Sep 21

Asia Pacific indices Australia 200 has been drifting lower after failing to overcome resistance near 5,200 on the index and 50 on the RSI. It has dropped back toward 5,090 with next potential support near 5.070 a Fibonacci level and then 5,000 a channel low and round number. Hong Kong 43 held support at a […]

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