Archive | July, 2010
July 30th 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Neutral The market has that heavy feel about it and is just churning back and forth. US indices are knocking up against resistance right here as well as many popular moving averages. Personally I don’t give the moving averages a great deal of weight, but an [...]
Continue reading...July 29th 2010
29. July 2010
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up The market wallowed around today but finished on a firm tone. The market is at an important point of indecision and could go either way. The US has numerous earnings releases in the coming week and we’re also starting our season here. The market seems [...]
Continue reading...July 28th 2010
28. July 2010
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up A slow start to the day without much lead from the US and on anticipation of the local CPI release. The CPI came in lower than expected which caused a brief knee-jerk selloff, but the market found some traction and closed strongly. As per recent [...]
Continue reading...July 27th 2010
27. July 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Up The ‘talking heads’ will tonight discuss another upward day in the market but underneath it was a weak performance on two fronts. It closed weak, albeit in positive territory, and secondly strength was limited to a handful of larger cap stocks. Our main exposure has [...]
Continue reading...July 26th 2010
26. July 2010
Weekly Trend: Down Daily Trend: Up Daily Momentum: ___ Up The market continues to probe higher with most ‘trend’ activity coming from the Small Ordinaries resource sector. The Systematic Power Setups are slowly adding positions as strength unfolds and many of these are smaller resource companies. Obviously the ‘great unknown’ is whether or not this [...]
Continue reading...July 22nd 2010
22. July 2010
Weekly Trend: Down Daily Trend: Neutral Daily Momentum: ___ Up The market closed weak today but a closer look shows that mid-cap resource stocks had a big upside day. We’ve got some exposure in our portfolios, such as MGX, SFR and RRL. My view over the last few years is that this remains the sector [...]
Continue reading...July 21st 2010
21. July 2010
Weekly Trend: Down Daily Trend: Neutral Daily Momentum: ___ Up Quite a poor day in the scheme of things and again this continues to leave us in a non-committal state. The trend is trying hard to keep some upside momentum but its simply struggling. The market has been in an overbought situation for about a [...]
Continue reading...July 20th 2010
20. July 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Up A better day in the local market but still somewhat ‘watch and wait’ in the US as earnings continue to come forth. As I stated several nights ago, the market is at a state of flux right here and the ‘make or break’ is upcoming [...]
Continue reading...July 19th 2010
19. July 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Up The honeymoon season for US earnings came to an abrupt end on Friday with a savage fall across all US indices. Over the last few weeks we’ve been discussing the low volume rise across the board. Whilst this doesn’t preclude from further rises, it does [...]
Continue reading...July 16th 2010
16. July 2010
Weekly Trend: Down Daily Trend: Up Daily Momentum: ___ Up The market is at a point of indecision. The weekly trend remains down, but daily trend and momentum are up, albeit just. We’re either seeing the market attempting to establish a new upward trend or we’re close to seeing a reversal, just like we have [...]
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Latest Share Trading Articles
- The Hidden Strengths of Volume Analysis (part 2) September 19, 2010In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
- The Hidden Strengths of Volume Analysis (part 1) September 19, 2010The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
- The Psychology of Trading September 19, 2010The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]
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30. July 2010
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