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Friday 3rd February, 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Our All Ordinaries Index and the XJO failed to extend yesterday’s gains, closing down slightly and trading in a very tight range as did the major US indices overnight. Their futures have also been flat during the night session so our market drifted without any [...]
Continue reading...Thursday 2nd February, 2012
2. February 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Overnight European markets were very strong and US markets were up, although not as heavily. As a consequence, our market burst out of the blocks on the open, range trading thereafter. It started to fade at lunch time and looked like it might start to [...]
Continue reading...Wednesday 1st February, 2012
1. February 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Our market succumbed to some selling pressure today on increased volume, the XJO down from just after the open to close its lows for the day, posting a 0.9% decline. Most sectors finished in the red, Metals/Mining and Materials the biggest laggards, both down 1.3%. [...]
Continue reading...Tuesday 31st January, 2012
31. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up Another subdued session on the ASX, trading within a tight range. Intra-day gains were given up in afternoon trade with only modest declines posted. For the month, the XJO has managed to gain just over 5% in somewhat erratic fashion. Despite that, and despite our [...]
Continue reading...Monday 30th January, 2012
30. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up Our market spent much of the day range trading so was pretty directionless after some early downside which resulted in the XJO closing down 0.4%. Most sectors finished in the red after a quiet day. Reporting season essentially begins this week here, just as the [...]
Continue reading...Friday 17th January, 2012
27. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up After a day off, the market opened strongly and was chugging along very well until about 2.00pm when it all went awry. Most of the gains were given up for the XJO which closed up just 0.4%, again driven by the major financials which also [...]
Continue reading...Wednesday 25th January, 2012
25. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up The XJO managed to hold onto early gains for a change and indeed, added to them in early and then late afternoon trade as it put on 1.1% for the day. Earnings in the US sparked the opening gains here as Apple traded around 7% [...]
Continue reading...Tuesday 24th January, 2012
24. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up As has often been the case lately on an intra-day basis, early buying enthusiasm quickly waned. Opening gains were again sold off for the remainder of the session for the XJO to close flat. The day’s range was tight as the sideways movement continues. For [...]
Continue reading...Monday 23rd January, 2012
23. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up Intra-day, the market struggled to make up its mind up which way it wanted to go but did maintain a slight downward bias for the most part. The XJO closed down just 0.3% after a lacklustre session within a tight trading range on light volume. [...]
Continue reading...Friday 20th January, 2012
20. January 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up Our market almost repeated yesterday’s movement of initial gains followed by a steady decline to give them up. If it wasn’t for a rally in the last hour and a half, that would have been the scenario. As it was, a little respectability was restored [...]
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3. February 2012
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