Daily FNArena News - Technicals

The Chartist points out that V-shaped stock market recoveries are very rare.

Michael Gable of Fairmont Equities provides some soothing words on the correction front, and notes an opportunity in Select Harvests.

Michael Gable of Fairmont Equities suggests Macquarie Group is set up for a relief rally.

The Chartist highlights the value of risk management at times of turmoil with the S&P500 technically set to bounce, or maybe not.

While promising nothing, Michael Gable of Fairmont Equities would not be surprised if an S&P500 relief rally begins from this point.

The Chartist reports WTI crude remains bearish under US$40/bbl and going either short or long here is not recommended.

Michael Gable of Fairmont Equities notes a bullish chart for NextDC even against the backdrop of plunging markets.

Michael Gable of Fairmont Equities notes history suggests the first bounce out of a heavy fall rarely proves to signal the end of the weakness.

The Chartist suggests the gold price has set itself up for a short-term pullback while the longer term uptrend remains in place.

Michael Gable of Fairmont Equities suggests Newcrest Mining can push further ahead before reassessment is needed.