| Weekly Trend: | Flat | |
| Daily Trend: | Flat | |
| Daily Momentum: | ___ | Up |
Its been over a month since I made a short term trade on the ASX. Its been a good time to sit on one’s hands and do nothing. The ASX has just not be conducive to short term trading for many months now, unlike the US which has enough stocks exhibiting enough short term momentum to be worthwhile. That said there is a flutter of interest coming back in here. Our daily and weekly trend filters are on the verge of kicking UP which will switch on the Systematic Power Setups again. How far the market sputters higher is never known. Perhaps it will roll over again, or perhaps it will kick nicely. The other point of interest is the NASDAQ is showing some good strength. I just wonder if its about to try and tag its January highs? Feels like it.
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