Weekly Trend: Flat Daily Trend: Up Daily Momentum: ___ Up Opening gains for the XJO were consistently eroded away over the course of the day for it to eventually close down just slightly at -0.1%. This followed a strong lead from US markets where the S&P 500 and Nasdaq closed near their highs and posted [...]
Continue reading...Wednesday, January 18, 2012
Weekly Trend: Flat Daily Trend: Up Daily Momentum: ___ Up Bouncing around all over the place, the market struggled in early trade but managed a rally in early afternoon which coincided with a boost on US futures whilst trading in their night session. Both markets ran out of steam, however, the XJO retreating to close [...]
Continue reading...Tuesday, January 17, 2012
Weekly Trend: Flat Daily Trend: Up Daily Momentum: ___ Up A nice bullish trend day today – opening on the low and closing on the highs, as the market made up for lost ground from selling off yesterday on the European credit downgrades news, only to see their markets rally overnight. All of yesterday’s losses [...]
Continue reading...Monday, January 16, 2012
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Weekly Trend: Flat Daily Trend: Flat Daily Momentum: ___ Up The US markets lost 0.5% on Friday and tonights session have lost another 0.5% due to downgrades in Europe. Whilst the European downgrades were widely expected the market continues to be skittish and not quite willing to agree that Europe wil pull through. Tonight is [...]
Continue reading...Friday, January 13, 2012
Weekly Trend: Flat Daily Trend: Up Daily Momentum: ___ Up Well, it wasn’t exactly a strong day on the market, but it was enough to flick the ASX Systematic and the Growth Portfolio both on to accept buy signals once again. It was a rocky intra-day ride after opening gains, albeit within an extremely tight [...]
Continue reading...Thursday, January 12, 2012
Weekly Trend: Flat Daily Trend: Flat Daily Momentum: ___ Up Our market opened without much direction on the back of a flat close overnight on US markets. An early afternoon sell off was partially recovered to see a flat close here as well, with nothing happening of note on the US index futures during their [...]
Continue reading...Wednesday, January 11, 2012
Weekly Trend: Flat Daily Trend: Flat Daily Momentum: ___ Up Some follow through from yesterday’s gains with a burst on the open which quickly lead to the day’s high. Range trading ensued for the rest of the day with a bit of a fade into the close, but held onto the early gains for the [...]
Continue reading...Tuesday, January 10, 2012
Weekly Trend: Down Daily Trend: Flat Daily Momentum: ___ Up Another flat session on US markets pointed to modest gains for our market today, which was the case on the open. US futures have been trading up in the night session whilst our day progressed (up almost half a percent at the time of writing), [...]
Continue reading...Monday, January 9, 2012
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Flat Soft retail data wouldn’t have helped the market any today which had no real lead from US markets either as they closed flat on Friday night. The result was an up and down day within a tight range and a flat finish, the XJO closing [...]
Continue reading...Friday, January 6, 2012
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Up Another 0.8% came off out market today to add to the poor showing of late. It may have had one eye on US futures as they trade the night session which have been down as much as half a percent (0.25% at the time of [...]
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Thursday, January 19, 2012
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