Tag Archive | "ASX"

The Chartist Weekly Roundup

Friday, March 19, 2010

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Short Term Traders Crude Oil, Diesel Predicted to Rise Slightly The US Energy Information Administration, part of the Department of Energy, said in its Short-Term Energy Outlook this week that although spot crude oil … In the short term, crude prices will continue to remain weak In the short term, we expect prices will be [...]

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ASX into possible reversal zone…

Monday, March 8, 2010

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Monday March 8th 2010 Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up The upper boundary of the reversal zone we discussed on Friday night was almost tagged today. This is the area from which any reversal should technically take place, but as we said, confirmation back through 4717 is required to get anxious. [...]

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Feb 17 2010

Wednesday, February 17, 2010

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Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Up Finally some strong upside movement that is directly related to the Type-A Bullish divergence. We’ve been on about this for a week now so its good that its offering up the strength. The larger question is whether or not we’re going to skip to new [...]

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Feb 16 2010

Tuesday, February 16, 2010

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Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Flat Some would say the market did well today, but taking a closer look it was a poor performance. Firstly early trade saw the index +52pts before closing at +22, so well off the intra day highs. This weakness was due to comments surrounding the Greece [...]

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Feb 15 2010

Monday, February 15, 2010

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Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Flat The market was heavy today after China announced late on Friday that again it was curtailing commercial bank lending again in an attempt to slow the economy. That said activity was very quiet for a number of reasons; Chinese New Year and many Asian markets [...]

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Feb 9 2010

Wednesday, February 10, 2010

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Weekly Trend: __ Down Daily Trend: Down Daily Momentum: Down Yesterdays action was a little concerning as we wanted to see immediate follow through from Fridays reversal. We got the follow through today but it needs to stay the course for a week or two. I sort stocks into bearish and bullish folders based on [...]

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Feb 9 2010

Tuesday, February 9, 2010

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Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down There remains a few setups still in the making. A few more days should see them enter our pages. Until then Type-A bullish divergence remains intact even though price dribbled lower. The US action last night was certainly not promising so we stay with the [...]

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Jan 25 2010

Monday, January 25, 2010

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Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down We had no Discretionary positions going into todays weakness. I will say one thing – the market performed admirably today. So much so I will be taking a close look at the ASX-200 (XJO) again tonight in the Chart Research area and making some comments [...]

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10 December 2009 – Winding down

Thursday, December 10, 2009

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Another garbage performance by the local market. It really struggled to hold its head above water and it certainly appears that seasonal strength is wilting. I now have 1 position left in the ASX Power Setups and two positions left in the US Power Setups that I will be closing tonight. Once the ASX position [...]

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9 December 2009 – Santa rally needs to start right now

Wednesday, December 9, 2009

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The key level we’re watching at present is 4587. A break down through that suggests a deeper correction toward 4400 is underway. However, if price can hold above 4587 we have a significant bullish triangle to contend with that may provide the springboard into the New Year. We’ll take a closer look at this in [...]

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