Daily FNArena News - Technicals

This week ATW’s Jerry Simmons suggests range expansion and a pullback for US stocks is on the cards, without upsetting the bull market trend.

Traders often overlook the imbedded divergence signals that are hidden inside of MACD.

The TechWizard sees positive signs for a Christmas rally in the Dow futures weekly chart.

Michael Gable of Novus Capital looks at Westpac’s recent rise and fall and identifies the share price support level.

The Chartist reports weekly Chinese iron ore price data are providing signs of a 2013 recovery story for the mineral and China alike.

The Chartist reports Telstra may see a pause, but the trend remains positive.

Michael Gable of Novus Capital sees the potential of a sharp bounce in the ASX200 before a recommencement of the down-trend.

Market analysts at FXCM explain Ichimoku clouds and how this indicator can be used to trade markets.

The TechWizard notes S&P 500 futures are very oversold but staying that way, which is bearish.

Michael Gable of Novus Capital expects the Australian market to test support at 4420.