A reasonable day for the broader market, although it gave back some of its early gains. The materials sector had a strong push higher and I continue to keep this as my own personal focus for new trades. Whilst there are other setups around I’m staying within this resource/energy sector. The XAO broke out of [...]
Continue reading...2. December 2009
Very strong evidence that the US aren’t concerned with the events of Dubai, albeit that’s their way of ignoring everyone else. The US market also got a kick along from the RBA rate hike yesterday. Its viewed in a positive light because it portends that we’re well on the way to healing from last years [...]
Continue reading...1. December 2009
The big news today was the RBA tightening rates again for the 3rd consecutive month. This has never been done in history and the market took it well by closing off the sessions lows. The last 2-days has seen the daily trend flip back to UP but really since mid-September the market has moved in [...]
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2. December 2009
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