Daily FNArena News - Technicals

Craig Parker of Moat Capital notes the ASX200 is set to meet resistance at 5950 and more so at 6000.

The Chartist notes the Small Ordinaries index has enjoyed a bounce but caution is required with regard picking the trend.

Michael Gable of Fairmont Equities suggests that having retraced 50% of its prior loss, the S&P500 should now enter a period of consolidation.

Craig Parker of Moat Capital suggests enjoy it while it lasts, the trend remains weak for the ASX200.

The Chartist reports the technical picture for iron ore producers, including Mt Gibson, is improving noticeably.

Michael Gable of Fairmont Equities sees a potential longer term opportunity in Collins Foods.

Michael Gable of Fairmont Equities warns a break of $22 for JB Hi-Fi could open up substantial downside.

Craig Parker of Moat Capital suggests having broken down through 5650, 5400 remains the target for the ASX200.

The Chartist reports the S&P500 is at a critical technical juncture. It must soon break, but which way?

Michael Gable of Fairmont Equities suggests Santos offers upside after finding support following a long sell-down.