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Wednesday 25th 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 [...]
Continue reading...Thursday 19th January, 2012
19. January 2012
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 18th January, 2012
18. January 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 17th January, 2012
17. January 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 16th January, 2012
16. January 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 13th January, 2011
13. January 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 12th January, 2012
12. January 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 [...]
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25. January 2012
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