Archive | September, 2009
September 14 2009 – Transports surging
In the last 5 trading sessions the Dow Jones Industrials has risen +1.46%. In the same 5 sessions the Dow Jones Transports has risen +6.25%. Not only has the Transports outrun the Industrial but its also been able to skip through to new recent highs, eclipsing the late August highs but a reasonable margin. The [...]
Continue reading...14 September 2009 – Watch the volatility
14. September 2009
Confusing signals being offered at the moment. The Dow Jones Transports continued to surge ahead on Friday even though the more watched Industrials stumbled a little. This will be an interesting tussle, but technically it suggests the market will continue to firm up. However, we have triple divergence here on the ASX, meaning we’ve got [...]
Continue reading...September 10 2009 – Great performance
10. September 2009
The market posted its highest close since the March lows. Its resilient for sure and all we can do is go with it whilst it lasts. There really is nothing more to add from prior posts. I retain an increasing exposure via the Systematic Power Setup and full exposure within the Growth Portfolio. My hedge [...]
Continue reading...September 8 2009 – Official end to summer break
9. September 2009
I spent the weekend reviewing 3000 charts so we’ll be adding some new trades today. There are more developing if and when these ones get themselves to breakeven or better. Today was the official end to the US summer holidays. A time when the serious traders get back on board and renew the trend of [...]
Continue reading...8 September 2009 – A good performance
8. September 2009
A great performance today no doubt about it. The market posted its highest closing print since the March lows and managed to close firmly. Our divergences remain in place but the fact that the trend has not reversed does bode well for the ongoing argument for higher prices. Our concerns where that a sharp reversal [...]
Continue reading...September 7 2009 – Quiet trade
7. September 2009
A quiet session with a slight positive bias ahead of a US holiday tonight. I have added a few base breakout trades in tonights selection, similar to the AAX trade we’re currently riding, however, I continue to stress caution over the coming weeks. We’re still seeing our divergences trace out, we have the end of [...]
Continue reading...4 September 2009 – Employment hurlde overcome
5. September 2009
The market successfully lived through the US employment data and closed firm. Volume was light. This uptick is a good omen but it still does not detract from the Type-A Bearish divergences that are slowly unwinding. Remembering that Type-A Bearish can mean one of two things; a sharp reversal or a price stall. In both [...]
Continue reading...September 4 2009 – Weak close
5. September 2009
The market tried to move higher this morning but failed to hold gains. This, apart from our warnings over the last weeks, there are two important issues to consider tonight; US employment data is being released. This will be a market mover and it could well be a big move. Secondly its a US long [...]
Continue reading...September 3 2009 – Low volume rally
4. September 2009
Volume was dead low on todays bounce and to me that is a very important warning sign. We may well be seeing a low volume retest before a decent move. Add to this we also have the Employment data being released tomorrow. As we know this tends to be a market mover, either up or [...]
Continue reading...September 3 2009 – Look to Gold
3. September 2009
A nothing day but we retain a very cautious approach aligned with the various divergences on offer. We also hear that some global indices are being re-weighted over the coming weeks and its said that Australia’s weighting will be lowered meaning some selling should keep a lid on prices. There is no reason to be [...]
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15. September 2009
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