Daily FNArena News - Technicals

The TechWizard believes a pullback on Wall Street is on the cards given technical signals in the S&P futures.

The Chartist suggests there are no technical signs the recent rally in David Jones shares is sustainable.

Michael Gable of Fairmont Equities believes BHP may now come under some pressure but thus sees a buying opportunity emerging at the lower level.

This week ATW’s Jerry Simmons suggests selling gold on any rallies as bearish technical potential continues.

The Chartist reports the technicals are starting to indicate potential upside for BHP, and now might be a time to take a look.

Michael Gable of Fairmont Equities suggests high beta stock Macquaurie Group is set for a technical break-up.

The Chartist suggests the Shanghai stock index has put a bottom in place that is unlikely to be revisited.

The TechWiz discusses the US stock index futures, and Sydney buses.

Michael Gable of Fairmont Equities suggests if markets favour, Woolworths should be looking at retesting its highs.

If WTI crude breaks up through US$115 the next stop is US$140, the Techwizard suggests.