The US share market is about to generate a so-called Golden Cross, a bullish technical signal for longer term investors.
Gold is attracting all media attention, but Barclays chartists have spotted indications other precious metals might do even better.
The TechWizard reports buying WorleyParsons shares in temporary dips seems like the most suitable approach.
The title above this story probably says it all.
Qantas shares might be cheap from a fundamental point of view, but the TechWizard sees no reason at all to start piling up.
The S&P/ASX200 index continues to bounce off its key suppport level, but the Wizard warns this is likely to get ugly.
You may have missed it (as it happened in the blink of an eye) but the index did again test support at 5500 on Thursday. Good news? Bad news? Here’s some expert feedback.
Weakness in the copper price is likely to continue in the short-term, the technical analyst at Barclays Capital noting recent support has now turned to resistance.
While the gold price slid last night and further volatility is likely short-term, technical chartists at Barclays Capital suggest the longer-term uptrend remains intact.
Copper weakened overnight and Barclays Capital chartists are cautious of a short-term top given the metal is approaching significant technical resistance.