Caza disappoints but remains positive long term

Chart shows price at 200 day average with a positive trend possibly still intact

Nikkei retraces its gains since breaking a multi year downtrend

The breakout seen here in Nov 2010 traces back to the highs of 2008 and beyond for Japanese stocks.  As such, if we can stay above this downtrend line Im still quite bullish for a continued recovery in such an already lowly rated index. 

The currency as the other half of this equation should prove much weaker going forward and longer term

Wall Street index comes to a cross roads

This is a daily chart for wall street stocks.  I m expecting a rise in the DOW30 index as it meets a long term support and also a trend up.   Also the moving averages have a positive gradient to them.

The grim news occurring globally makes a selloff obvious but the chart trend shows its more then possible a gain is registered for this week especially as dollar index worth continues lower

Chart talk through - http://www.youtube.com/watch?v=JYcc3baY2og

US Dollar weak

Daily 

4 hour bar chart

Troubled BP shows itself to still be within an uptrend

About midway in an ascending channel or a 61% recovery of its 2010 highs