A solid performance today by the local market, supported by positive comments last night by the IMF, OECD, the announcement of China’s biggest ever acquisition of Canada’s Addax Petroleum and quite possibly a late buying surge into Financial Year End by institutions. Todays gains were also well supported by US strength during the futures night trading session. I remain cautious and don’t place too much emphasis on US night trading, but no doubt the market will lead us in due course. The domestic market remains above the support level we’ve been discussing. The daily trend remains up but momentum is still in the negative even after todays efforts. There are some nice long trades setting up with risk slowly but surely dropping. In my opinion a single days strength doesn’t make a new bull market and I wouldn’t be surprised to see some weakness after the June 30 cutoff. Just be wary of new longs and keep the risk down.
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
- 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 […]
Privacy Statement |
FSG |
Risk Statement |
Copyright & Confidentiality Agreement |
Refund Policy
Digital Organics Web Design & Internet Marketing
Digital Organics Web Design & Internet Marketing
© Reef Capital Coaching 1999 - 2010
Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
Facebook comments: