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Search resuls for: "Daryl Guppy"


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☆ UK stocks indicate 'high potential' for a hung parliament: Daryl Guppy
  + stars: | 2019-12-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK stocks indicate 'high potential' for a hung parliament: Daryl GuppyThe U.K. stock market is still stuck "sideways," and that suggests there may not be a clear resolution from the elections, says Daryl Guppy of Guppytraders.com. He also says the Indian stock market may see a correction.
☆ Oil uptrend continues and could reach $87
  + stars: | 2018-10-24 | by ( Daryl Guppy | ) www.cnbc.com   time to read: +3 min
They signal a continuation of the uptrend with a target near $87. From June 2017 until August 2018, the uptrend line acted as a support level. Now the uptrend line acts as a resistance feature. A breakout above the $76 level gives an upside target near $87. All the support features and the trend strength continue to suggest that oil price is experiencing a temporary retreat.
☆ The Nikkei and the Dow are joined at the hip
  + stars: | 2018-10-09 | by ( Daryl Guppy | ) www.cnbc.com   time to read: +3 min
The GMMA trend in the Dow is stronger than the Nikkei trend, so there is a little more risk in the Nikkei. Dow trend strength is shown with the long-term steady separation in the long-term GMMA. The Nikkei trend is more volatile with two substantial tests of the long-term GMMA in April and September 2017. Logic would suggest it's the larger market, the Dow, so Nikkei traders will watch the American index for advance indications of how the Nikkei may behave. The Nikkei and the Dow may be joined at the hip when it comes to behavior, but the Nikkei is moving faster.
☆ Gold price appears set for a decline
  + stars: | 2018-09-25 | by ( Daryl Guppy | ) www.cnbc.com   time to read: +2 min
We suggested in August that traders who went short gold in May were beginning to consider covering their short positions. When the gold price rebounds, it tends to do so rapidly without any consolidation activity. The gold price is characterized by trend rebounds from pivot point lows. Evidence of a potential pivot point rally rebound includes two features. Traders who covered shorts as the consolidation developed will now look to open short position again if the price dips below $1,180.
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