Archive | April, 2009

April 28 2009 – Broader Index

28. April 2009

View Comments

This chart shows my concerns with the broader ASX market at the moment. Its a topic that we’ve been discussing for some time and whilst we haven’t had the drastic flip lower the divergence indicator has certainly seen price stall over the last few weeks. This stall is the major reason why the vast majority [...]

Continue reading...

April 27 2009 – All square

28. April 2009

View Comments

As far as formal recommendations we closed our last long trade out last night for a small profit. TXRH was entered several weeks ago circa $10.00 and exited with some slight slippage at $10.90 last night. There continues to be many bullish patterns developing but the divergence remaining in place on the broader index is [...]

Continue reading...

April 23 2009 – Plenty of opportunitites

24. April 2009

View Comments

Without doubt the US markets are offering up many bullish patterns that we like to trade. My contention is that a reliable indicator¬† we use is still suggesting the market is not ready to move higher just yet so I’m wary of making formal recommendations. That said we are running a number of positions from [...]

Continue reading...

April 22 2009 – Staying cautious

23. April 2009

View Comments

We opened a long trade in COE which immediately decided the upside wasn’t the line of least resistance and closed weak. This is currently the only position in the short term Model Account and we’re cautious about market weakness accelerating in the coming weeks due to divergence on the leading indicators. Until this divergence unwinds [...]

Continue reading...

April 21 2009 – Continuing to chop

22. April 2009

View Comments

Trading US equities remains a frustrating chore. It seems the majority of breakouts are unwilling to establish sustainable trends. Yes, one or two will, which invariably is what’s keeping our nose in front, but to suggest the market is currently easy to trade on an EOD basis is a little over the top. Nonetheless we [...]

Continue reading...

April 20 2009 – Extreme Caution Alert

21. April 2009

View Comments

On Sunday afternoon we alerted all subscribers of impending weakness, weakness that was well supported by a series of technical signals and patterns. We’ve been under no illusions that the bear market bounce of the last 6-weeks had the ability to reverse and do so with vengeance. A final ‘washout’ could be underway. It was [...]

Continue reading...

Trading Results Update

9. April 2009

View Comments

Its been awhile since we posted the results of the short term portfolio, affectionately known as Power Setups. These are 2 – 3 week swing trades designed for both bull and bear markets. We started this portfolio on January 1st 2008 and its now become one of the most popular portfolio’s for subscribers. Here is [...]

Continue reading...

April 7, 2009 – Reporting season wobbly

8. April 2009

View Comments

We’ve been playing a cautious game over the last few weeks not really placing too much faith in this renewed strength or bullish market chatter. Whilst we’re taking a few long positions we’re also keeping the risk very low at just 0.5% per trade. It was highlighted to subscribers that perhaps the start of the [...]

Continue reading...

April 6 2009 – A lot of pop

6. April 2009

View Comments

We’ve been long MRE in both the short term and intermediate term portfolio’s over the last week or two. We saw it jump 35% on Friday and it came out of the gates hard this morning rising another 28%. Subscribers were told to take some profit at $0.85 as the stock has a tendency to [...]

Continue reading...

3 April 2009 – On and on apparently…

3. April 2009

View Comments

We’ve been looking for a pause in what appears to be a relentless surge of optimism in these markets. Nothing wrong with that and its a welcome break. I’ve said all along that the good times would return for those that were willing to be patient and keep risk in check. Hopefully we’ll start to [...]

Continue reading...
Rapid SSL
We accept Visa and Mastercard
Financial ReviewCNBCSky News Business ChannelAustralian Technical Analalysts Association
youTubeiTunesVimeo