Daily FNArena News - Technicals

The Chartist reports the technical picture for the S&P500 continues to be supportive of further upside, though short term a cautious approach seems but appropriate.

Michael Gable of Fairmont Equities is keeping a close watch on spot gold, suspecting there might be more upside in store.

The Chartist suggests the S&P500 will continue to rise, but an interim pullback may soon provide a buying opportunity.

Michael Gable of Fairmont Equities suggests the slide in Retail Food Group has further to run before a base might be found.

Craig Parker of Moat Capital notes the ASX200 is struggling to break 6000 on a lack of volume.

The Chartist reports any signs of a meaningful rally for gold are absent as price action continues to suggest the downside.

Michael Gable of Fairmont Equities suggest Aristocrat Leisure may pull back further but that would provide a buying opportunity.

Craig Parker of Moat Capital suggests the ASX200 is looking to break out but as to how far it can run is unclear.

The Chartist suggests its best to avoid buying National Bank or the banks in general for the moment.

Michael Gable of Fairmont Equities notes that after a solid run, Monadelphous looks set for a pullback.