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Friday 20th April, 2012
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat A very subdued day to round out the trading week on the ASX. Trading was restricted to a very tight range, although very choppy within that range on an intra-day basis. The XJO was under water for most of the day except a brief [...]
Continue reading...Thursday 19th April, 2012
19. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Despite US and European markets being down overnight, our market rallied from the open, following on from yesterday’s strength. It ran out of steam mid afternoon, however, and faded a little during afternoon trade. Gains were still posted, the XJO closing fourteen points or [...]
Continue reading...Wednesday 18th April, 2012
18. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Down A strong day for our market, following a very solid session for the major US indices and on European markets overnight. It was up strongly on the open and added some more ground during morning trade. Whilst range trading became the order of the [...]
Continue reading...Tuesday 17th April, 2012
17. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Down A mixed lead from US markets overnight saw the Dow Jones up half a percent and the Nasdaq down three quarters of a percent. Europe was a similar story; the FTSE down and both the CAC and DAX up. Our market gained ground from [...]
Continue reading...Monday 16th April, 2012
16. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Down Given the major US indices all declined by more than one percent last session, Europe likewise, and that the US index futures are flat at the time of writing during the night session, our broader market held up quite well today. The All Ordinaries [...]
Continue reading...Friday 13th April, 2012
13. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Down A solid night on US markets overnight saw the major indices all 1.3% higher or better so a positive lead like that was going to jump start our market on the open. That it did, with some nice gains early which by the close [...]
Continue reading...Thursday 12th April, 2012
12. April 2012
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Weekly Trend: Up Daily Trend: Flat Daily Momentum: ___ Down Europe and US markets recovered a small amount of lost ground overnight, posting gains of between half and one percent for the major indices. Our market followed through by opening higher and extended the gains over the course of the day – up from [...]
Continue reading...Wednesday 11th April, 2012
11. April 2012
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Weekly Trend: Up Daily Trend: Flat Daily Momentum: ___ Flat Overnight the declines for the US indices expanded, as did the volume, as the majors all lost more than one and half percent. Europe was hit harder still, the major markets there down over 2%. Selling continued on the ASX as a result, down [...]
Continue reading...Tuesday 10th April, 2012
10. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat A weak lead was provided by US markets after declines in the vicinity of one percent for the major indices, following disappointing unemployment figures. Consequently, our market was down some forty five points shortly after the open. It made hard, choppy work of an [...]
Continue reading...Thursday 5th April, 2012
5. April 2012
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Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up A tough night on global markets; particularly European stock markets, oil, base and precious metals, was all our market needed to open lower and extend the losses in morning trade. The XJO was down forty seven and a half points at one stage, but [...]
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20. April 2012
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