Archive | July, 2009
July 31 – Weekly trend now up
The big news on this Friday evening is that the weekly trend filter has turned up. This is the first bullish signal since it turned bearish in January 2008. The last time it gave a bullish buy signal, preceding that January 2008 bear signal, was July 2003 back when the index was at 3000. So [...]
Continue reading...30 July 2009 – Weak close this time
31. July 2009
An interesting day today with many of our picks making an early charge but reversing and closing weak. One pick, MXIM, tagged our target price allowing profits to be banked. ADCT on the other hand hit the trailing stop locking in a minor profit. Why does this matter? Because its the first time we’ve seen [...]
Continue reading...29 July 2009 – Treading water
30. July 2009
Still nothing to report suffice to say that the longer price can hold these recent gains the higher the chance that a renewed push higher will be forthcoming. We’ve mentioned the important of the Dow Jones Transports before as a confirmation tool. I happily note that the Transports have also managed to break up through [...]
Continue reading...29 July 2009 – Catching its breath
29. July 2009
A day for the market to catch its breath which, as I have been alluding to over the recent few days, is a positive sign. Markets only get more dangerous the quicker they rise, but when they meander higher the gains are more sustainable. I would suggest todays weakness will continue for the next week [...]
Continue reading...July 27 2009 – Approaching 1000
28. July 2009
A repeat performance of last weeks activity to get this week going; a bit of range trading with a firm close. We’re just trading below the psychological 1000 level in the S&P 500 so we’d expect to see some posturing in and around it. What is clear is that the major range has been broken [...]
Continue reading...27 July 2009 – A solid gain
27. July 2009
Good strong day after breaking through the upper boundary of the recent frustrating range. Our red alert lights have come back after Friday but this should still be seen as a slight warning. We did mention on Friday that Type-A Bearish Divergence was in place. That remains so, but will only be triggered should last [...]
Continue reading...24 July 2009 – A warning sign appears
24. July 2009
The market closed quite well off its intra day highs as is been doing come Friday. Its obvious that traders don’t wish to go home long over the weekend and also the NAB capital raising is still weighing on prices. The good news is that daily trend and momentum filters remain up and our red [...]
Continue reading...July 23 2009 – Up and running
24. July 2009
We had been saying for a few days that the fact that price was ‘sticking’ to the upper side of the range and not reversing was a good signal for the next leg higher. After last nights burst we need to assume that we’re on the way now. I’m still wary as we now have [...]
Continue reading...July 23 2009 – Holding the highs
24. July 2009
Again not much to add today. A tight range but a positive day as the range highs continue to hold us nearby. I would be concerned if price reversed immediately off these highs but the fact we’re holding is positive. The longer we stick here the better the foundation for the next leg higher. That [...]
Continue reading...July 22 2009 – Holding the highs
22. July 2009
Even with the surprise announcement by NAB about bad debts and further capital raising the market held itself together remaining in touch with the range highs. This buoyancy continues to extend from the US gains on back of their earnings.Over the last 3-days I have highlighted the read alert bars, so we’ll cover that in [...]
Continue reading...
Latest Videos
- Your Money Your Call – Jan 2009 July 11, 2010
- CNBC Trading Matters – Dec 2008 July 11, 2010
- The Chartist Overview July 11, 2010
- Long Term Trading – Growth Portfolio July 11, 2010
- Short Term Trading – US Power Setups July 11, 2010
Latest Share Trading Articles
- Trend Following – An Effective Strategy for your SMSF? August 8, 2010A recent release from The Industry Super Network (ISN) – the umbrella organization for industry super funds here in Australia, suggests that high embedded fees, including commissions to financial planners, is the main cause for the poor performance of for-profit retail super funds. And, according to Australian Prudential Regulatory Authority (APRA) data, the […]
- Interview with Nick Radge (by student2trader.com) August 8, 2010May 2010 Nick, tell us a bit about your history as a trader? I originally got the bug after watching someone else plot a 5 and 10 day moving average crossover system by hand. I could see how and why the strategy worked, at least in its simplest form. From there I simply progressed through [...]Interview with Nick Radge (by student2trader.com) is a post from: […]
- Share Traders – Your Top 5 Questions Answered August 8, 2010An insightful conversation with The Chartist’s very own Nick Radge 1. How do I identify a list of stocks to work with? It can be done through riding with the clean and sustainable trends. Money can be made by following big swings or trends that lasts six to twelve months in time. This is similar [...]Share Traders – Your Top 5 Questions Answered is a post fr […]
web design: digital organics
Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
31. July 2009
View Comments